283 Harrington AveClosterNJ07624
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
Total monthly income runs $5,400/mo, and a $9,691/mo payment. Purchase price stands at $1,980,000, and rental yield measures 3.27% with $5,400/mo rent. Return on cash invested shows 4.07% in year one, and 5% annual appreciation builds toward $547,037 over five years. Five-year ROI reaches 19.07% and total cumulative return in cash records $122,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $9,691/mo payment rather than investor’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: 07624, Closter, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,299 (80.4%) |
| Renter Occupied HU | 431 (15.1%) |
| Vacant Housing Units | 128 ( 4.5%) |
| Median Home Value | $844,388 |
| Average Home Value | $931,435 |
Housing Distribution
Address Breakdown
Residential
2,886
Single Family
2,856
Multi-Family
30
Businesses
516
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Van Dyke • Coldwell Banker, Alpine/Closter
Mls Name: NJMLS
Mls ID: #25032689