90 Prospect Ave APT 10A, Hackensack, NJ, 07601 | $595/mo Cash Flow

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90 Prospect Ave APT 10A, Hackensack, NJ, 07601 | $595/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Hackensack at 90 Prospect Ave APT 10A, Hackensack, NJ, 07601 listed at $499,900 pairs $4,158/mo rent with a $2,447/mo payment to leave $595/mo cash flow. Total monthly income runs $4,158/mo, and annual cash flow reaches $7,135/yr on $165,717 cash to close. Return on cash invested measures 24.21% in year one, and rental yield registers 9.98% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 127.16% and total cumulative return in cash totals $210,732. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,158/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the Frontenac, a modern and pet-friendly building in the popular city of Hackensack! Apt 10A is a large and very rare 3 bedroom, 2 bath unit that offers an amazing 1,704 of approximate square feet! With HOA fees that include ALL utilities, a doorman, 2 indoor garage parking spots, an NYC bus stop right in front, and an array of desirable amenities, this apt offers the ultimate level of comfort and convenience. The unit has been tastefully renovated and sports many desirable features such as newly refinished floors, beautiful mill work, unique light fixtures, an updated kitchen, walk-in closet, in-unit laundry, and much more. One of the highlights of this unit, is the enclosed terrace, providing you with additional living space that can be used as a home office or simply a cozy retreat. In addition, Apt 10A comes with plenty of closet space in all rooms and a lock-up storage unit. You'll also enjoy the convenience of the mail delivery service, on-site security system, on-site laundry facilities (in addition to the one in unit), doorman, elevator, and its proximity to Hackensack Medical Center. Enjoy the gorgeous Manhattan views right from your balcony! Don't miss the opportunity to make this your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	23,077 (100%)
Owner Occupied HU	6,917 (30.0%)
Renter Occupied HU	14,514 (62.9%)
Vacant Housing Units	1,646 ( 7.1%)
Median Home Value	$451,947
Average Home Value	$486,208