240 Jersey AveCliffside ParkNJ07010
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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 Cliffside Park at 240 Jersey Ave, Cliffside Park, NJ, 07010 priced at $674,500 converts $5,198/mo rent into $391/mo cash flow after a $3,301/mo obligation. Total monthly income equals $5,198/mo, and annual cash flow totals $4,687/yr on $221,911 invested. Return on cash invested prints 22.17% in year one, and rental yield reads 9.25% against a $674,500 entry. Equity gained on principal adds $4,352/yr, while 5% annual appreciation compiles into $186,352 by year five. Five-year ROI reaches 116.19% and total cumulative return in cash sums $257,834. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,198/mo property income covering a $3,301/mo payment, not borrower’s personal income.
Single Family
Built in 1922
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07010, Cliffside Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,714 (100%) |
| Owner Occupied HU | 5,167 (44.1%) |
| Renter Occupied HU | 5,852 (50.0%) |
| Vacant Housing Units | 695 ( 5.9%) |
| Median Home Value | $656,045 |
| Average Home Value | $719,669 |
Housing Distribution
Address Breakdown
Residential
10,851
Single Family
5,006
Multi-Family
5,845
Businesses
572
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Listed by: Joana J. Bell • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3982959
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