243 Highland StCresskillNJ07626
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cresskill at 243 Highland St, Cresskill, NJ, 07626 with 5% annual appreciation on a $693,000 basis while $5,730/mo rent supports operations. Total monthly income totals $5,730/mo and a $3,392/mo payment preserves $790/mo for cash returns. Annual cash flow comes to $9,484/yr on $227,997 deployed, and return on cash invested reaches 24.22% in year one. Equity gained on principal adds $4,472/yr, and five-year appreciation sums $191,463 alongside rental yield of 9.92%. Five-year ROI measures 127.18% and total cumulative return in cash totals $289,958.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,730/mo property income versus a $3,392/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Gerry D'Andrea • Prominent Properties Sotheby's International Realty-Alpine
Mls Name: NJMLS
Mls Provider:
Mls ID: #24027047
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-10-17 03:22:28 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.