16 Clarke 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 16 Clarke St, Closter, NJ, 07624 at $959,000 posts ROI 19.16% with from $6,600/mo rent. Total monthly income equals $6,600/mo. Return on cash invested measures 19.16% and rental yield reads 8.26% at the current $959,000. Equity gained on principal adds $6,188/yr, and 5% annual appreciation supports $264,954 by year five. Five-year ROI prints 100.06% and total cumulative return in cash totals $315,703. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A 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: Dena Paolucci • Weichert Realtors, Tenafly-Cresskill
Mls Name: NJMLS
Mls ID: #26000575