240 Cottage RdWyckoffNJ07481
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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 Wyckoff at 240 Cottage Rd, Wyckoff, NJ, 07481 offers a 4.49% rental yield on a $1,019,000 purchase with $3,813/mo rent. 83% in year one. Equity gained on principal adds $6,575/yr while 5% annual appreciation supports $281,531 over five years. Portfolio math shows five-year ROI at 39.25% and total cumulative return in cash at $129,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,813/mo property income against a $4,988/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07481, Wyckoff, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,792 (100%) |
| Owner Occupied HU | 5,200 (89.8%) |
| Renter Occupied HU | 403 ( 7.0%) |
| Vacant Housing Units | 189 ( 3.3%) |
| Median Home Value | $922,183 |
| Average Home Value | $1,032,548 |
Housing Distribution
Address Breakdown
Residential
5,919
Single Family
5,785
Multi-Family
134
Businesses
603
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Listed by: Denise Holleritter • C-21 Christel Realty
Mls Name: GSMLS
Mls ID: #3989931