90 Prospect Ave APT 2A, Hackensack, NJ, 07601 | $744/mo Cash Flow

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90 Prospect Ave APT 2A, Hackensack, NJ, 07601 | $744/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 2A, Hackensack, NJ, 07601 with 5% annual appreciation on a $479,000 basis while $4,158/mo rent supports operations. Total monthly income totals $4,158/mo and a $2,344/mo payment preserves $744/mo for cash returns. Annual cash flow comes to $8,931/yr on $158,789 deployed, and return on cash invested reaches 25.53% in year one. Equity gained on principal adds $3,091/yr, and five-year appreciation sums $132,339 alongside rental yield of 10.42%. Five-year ROI measures 134.25% and total cumulative return in cash totals $213,171.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,158/mo property income versus a $2,344/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Large, spacious 2nd floor unit with 1704 sq ft plus an enclosed 160 sq ft terrace. Enter into a very large, open Living Room/Dining room area. The Galley Kitchen is off the Dining area and the enclosed Terrace is off the Living Room. The Primary Bedroom is large with East and South windows. There is a large Primary Bathroom and a large Walk in Closet. There are two more large Bedrooms with good closet space and South facing windows and a second Full Bath. There are hardwood parquet floors throughout. There is a deeded indoor parking spot and a second outdoor parking spot. There is a recently renovated Laundry room in the basement as well as a private storage unit. 24 hour security and on-site super. Doorman daily. Close to buses, train and downtown shopping area. Owner is licensed Realtor. Send offers to Terri Buffa terri.buffa@coldwellbankemoves.com

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