128 Grove StMahwahNJ07430
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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 Mahwah at 128 Grove St, Mahwah, NJ, 07430 uses $160,778 cash to close to unlock $16,114/yr annual cash flow and $1,343/mo monthly cash flow. Total monthly income runs $4,800/mo, and a $2,374/mo payment keeps the spread at $1,343/mo. Purchase price stands at $485,000, and rental yield measures 11.88% with $4,800/mo rent. Return on cash invested shows 29.93% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 157.81% and total cumulative return in cash records $253,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1988
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07430, Mahwah, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,082 (100%) |
| Owner Occupied HU | 7,812 (77.5%) |
| Renter Occupied HU | 1,912 (19.0%) |
| Vacant Housing Units | 358 ( 3.6%) |
| Median Home Value | $716,854 |
| Average Home Value | $791,668 |
Housing Distribution
Address Breakdown
Residential
10,125
Single Family
9,025
Multi-Family
1,100
Businesses
752
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Listed by: Scott Jankunas • Modern Realty Group
Mls Name: GSMLS
Mls ID: #4001453