11 Mendell Ave, Cranford, NJ, 07016 | 6.7% Rental Yield

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11 Mendell Ave, Cranford, NJ, 07016 | 6.7% Rental Yield | Ziffy

Pending

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 Cranford at 11 Mendell Ave, Cranford, NJ, 07016 listed at $859,000 pairs $4,799/mo rent with a $4,204/mo payment. Total monthly income runs $4,799/mo. Return on cash invested measures 14.44% in year one, and rental yield registers 6.7% at a $859,000 basis. Equity gained on principal adds $5,543/yr, and annual property appreciation at 5% supports $237,326 by year five. Five-year ROI tracks 74.73% and total cumulative return in cash totals $211,191. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,799/mo property income relative to a $4,204/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

So much to love here with appealing updates throughout! The thoughtfully designed family room is a delight with vaulted ceilings, a stunning floor to ceiling fireplace, a bar, full pantry, custom cabinets, French doors to the backyard and expansive windows with views of cheerful gardens and lush landscaping. The lower level den/office has a woodburning stove, custom built ins and access to both the backyard and garage. You'll find custom details, warm wood floors, and a flexible floor plan with endless options to suit today's lifestyle. With a welcoming layout the LR, DR, and kitchen have been the heart of many get-togethers and celebrations. There are 3 bedrooms and plenty of options for an at home office, too. An in-law suite can also work in this home. The lower level has a rec room, exercise/media room, game room, laundry room, full bath and lots of storage. Not a flood zone. Hillside Ave School K-8 is less than a block away. Award winning Downtown Cranford restaurants, shopping, cafes, year round community activities are nearby.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07016, Cranford, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,435 (100%)
Owner Occupied HU	6,913 (73.3%)
Renter Occupied HU	2,147 (22.8%)
Vacant Housing Units	375 ( 4.0%)
Median Home Value	$669,813
Average Home Value	$714,383