15 Division StClosterNJ07624
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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 Closter at 15 Division St, Closter, NJ, 07624 listed at $650,000 pairs $3,568/mo rent with a $3,181/mo payment. Total monthly income runs $3,568/mo. Return on cash invested measures 14.09% in year one, and rental yield registers 6.59% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 72.83% and total cumulative return in cash totals $155,750. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,568/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1939
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07624, Closter, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,299 (80.4%) |
| Renter Occupied HU | 431 (15.1%) |
| Vacant Housing Units | 128 ( 4.5%) |
| Median Home Value | $844,388 |
| Average Home Value | $931,435 |
Housing Distribution
Address Breakdown
Residential
2,886
Single Family
2,856
Multi-Family
30
Businesses
516
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Listed by: Regiane Duarte • Exit All State Realty
Mls Name: GSMLS
Mls ID: #3980868