106 Prescott StDemarestNJ07627
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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
Investment Highlights
Rental property for sale in Demarest at 106 Prescott St, Demarest, NJ, 07627 offers $4,365/mo rent that, after a $6,118/mo payment. Total monthly income is $4,365/mo. Return on cash invested measures 6.9% in year one, and rental yield stands at 4.19% at a $1,250,000 entry. Equity gained on principal adds $8,066/yr while 5% annual appreciation compounds into $345,352 by year five. Five-year ROI records 34.27% and total cumulative return in cash reaches $138,805. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,365/mo property income versus a $6,118/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07627, Demarest, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,526 (87.0%) |
| Renter Occupied HU | 145 ( 8.3%) |
| Vacant Housing Units | 83 ( 4.7%) |
| Median Home Value | $967,949 |
| Average Home Value | $1,174,869 |
Housing Distribution
Address Breakdown
Residential
1,686
Single Family
1,686
Multi-Family
0
Businesses
95
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Listed by: Peter Russo • Coldwell Banker, Allendale/Saddle River Valley
Mls Name: NJMLS
Mls ID: #25020729