258 Ackerman 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
Rental property for sale in Clifton at 258 Ackerman Ave, Clifton, NJ, 07011 priced at $599,000 pairs $3,156/mo rent with after a $2,932/mo payment. Total monthly income equals $3,156/mo. Return on cash invested is 13.28% in year one, and rental yield stands at 6.32% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 68.51% and total cumulative return in cash reaches $135,010. For financing, Ziffy Mortgage’s DSCR program evaluates $3,156/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
4,791 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: Jill K. Biggs • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3991450