15 Edison StCliftonNJ07013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Clifton at 15 Edison St, Clifton, NJ, 07013 uses $157,463 cash to close to unlock $8,786/yr annual cash flow and $732/mo monthly cash flow. Total monthly income runs $4,118/mo, and a $2,325/mo payment keeps the spread at $732/mo. Purchase price stands at $475,000, and rental yield measures 10.4% with $4,118/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 134.01% and total cumulative return in cash records $211,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,118/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07013, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,346 (100%) |
| Owner Occupied HU | 7,850 (69.2%) |
| Renter Occupied HU | 2,970 (26.2%) |
| Vacant Housing Units | 526 ( 4.6%) |
| Median Home Value | $520,711 |
| Average Home Value | $566,172 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
9,819
Multi-Family
1,107
Businesses
893
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2602261R