12 Morningside AveCresskillNJ07626
Nearby investment properties with comparable rents
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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 12 Morningside Ave, Cresskill, NJ, 07626 offers a 7.27% rental yield on a $1,076,500 purchase with $6,520/mo rent. 4% in year one. Equity gained on principal adds $6,946/yr while 5% annual appreciation supports $297,417 over five years. Portfolio math shows five-year ROI at 85.2% and total cumulative return in cash at $297,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,520/mo property income against a $5,269/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,000 sqft 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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