21 Milton StCresskillNJ07626
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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 Cresskill at 21 Milton St, Cresskill, NJ, 07626 priced at $749,000 converts $6,000/mo rent into $661/mo cash flow after a $3,666/mo obligation. Total monthly income equals $6,000/mo, and annual cash flow totals $7,935/yr on $246,421 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 9.61% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 122.13% and total cumulative return in cash sums $300,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07626, Cresskill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,118 (100%) |
| Owner Occupied HU | 2,350 (75.4%) |
| Renter Occupied HU | 634 (20.3%) |
| Vacant Housing Units | 134 ( 4.3%) |
| Median Home Value | $795,152 |
| Average Home Value | $895,836 |
Housing Distribution
Address Breakdown
Residential
3,078
Single Family
2,925
Multi-Family
153
Businesses
269
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Listed by: Ashley Kim • RE/MAX SELECT - Fort Lee
Mls Name: NJMLS
Mls ID: #25044036