257 Elm AveTeaneckNJ07666
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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 Teaneck at 257 Elm Ave, Teaneck, NJ, 07666 generates $5,340/mo in rent and, after a $3,519/mo payment, leaves $215/mo in cash flow. Total monthly income is $5,340/mo, and annual cash flow is $2,583/yr on $236,551 invested. Return on cash invested sits at 21.15% in year one, and rental yield is 8.91% on a $719,000 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 110.73% and total cumulative return in cash sums $261,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,340/mo property income rather than buyer’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: 07666, Teaneck, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,090 (100%) |
| Owner Occupied HU | 10,497 (69.6%) |
| Renter Occupied HU | 3,871 (25.7%) |
| Vacant Housing Units | 722 ( 4.8%) |
| Median Home Value | $601,924 |
| Average Home Value | $701,365 |
Housing Distribution
Address Breakdown
Residential
14,574
Single Family
12,755
Multi-Family
1,819
Businesses
1,298
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Listed by: Donald Hoey • Coldwell Banker, Alpine/Closter
Mls Name: NJMLS
Mls ID: #25041645