224 Hamilton AveCliftonNJ07011
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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 Clifton at 224 Hamilton Ave, Clifton, NJ, 07011 uses $152,490 cash to close to unlock $4,052/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $3,616/mo, and a $2,251/mo payment keeps the spread at $338/mo. Purchase price stands at $460,000, and rental yield measures 9.43% with $3,616/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 118.32% and total cumulative return in cash records $180,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,616/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07011, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,190 (100%) |
| Owner Occupied HU | 6,485 (45.7%) |
| Renter Occupied HU | 7,237 (51.0%) |
| Vacant Housing Units | 468 ( 3.3%) |
| Median Home Value | $464,178 |
| Average Home Value | $491,731 |
Housing Distribution
Address Breakdown
Residential
12,632
Single Family
11,206
Multi-Family
1,426
Businesses
1,193
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Listed by: Jessica Exley • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4000994