176 Colfax AveCliftonNJ07013
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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
Rental property for sale in Clifton at 176 Colfax Ave, Clifton, NJ, 07013 priced at $599,000 pairs $3,600/mo rent with after a $2,932/mo payment. Total monthly income equals $3,600/mo. Return on cash invested is 15.98% in year one, and rental yield stands at 7.21% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 83% and total cumulative return in cash reaches $163,570. For financing, Ziffy Mortgage’s DSCR program evaluates $3,600/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1923
3,920 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
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Listed by: Mahmoud Ijbara • Gild Realty
Mls Name: GSMLS
Mls ID: #4005126