118 Hoover DrCresskillNJ07626
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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
Investment property for sale in Cresskill at 118 Hoover Dr, Cresskill, NJ, 07626 projects strong ROI of 3.11%. Rental yield 2.96%. With 5% annual appreciation, the property builds $933,832 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.92%, translating into $152,399 in total cumulative return on $1,095,120 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1996
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07626, Cresskill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,118 (100%) |
| Owner Occupied HU | 2,350 (75.4%) |
| Renter Occupied HU | 634 (20.3%) |
| Vacant Housing Units | 134 ( 4.3%) |
| Median Home Value | $795,152 |
| Average Home Value | $895,836 |
Housing Distribution
Address Breakdown
Residential
3,078
Single Family
2,925
Multi-Family
153
Businesses
269
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Listed by: Michael Kowalski • Redfin Corporation
Mls Name: GSMLS
Mls ID: #3990283