301 South PkwyCliftonNJ07014
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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 301 South Pkwy, Clifton, NJ, 07014 priced at $925,000 converts $6,299/mo rent into after a $4,527/mo obligation. Total monthly income equals $6,299/mo. Return on cash invested prints 18.9% in year one, and rental yield reads 8.17% against a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation compiles into $255,560 by year five. Five-year ROI reaches 98.65% and total cumulative return in cash sums $300,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,299/mo property income covering a $4,527/mo payment, not borrower’s personal income.
Single Family
Built in 1948
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07014, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,087 (100%) |
| Owner Occupied HU | 1,509 (72.3%) |
| Renter Occupied HU | 499 (23.9%) |
| Vacant Housing Units | 79 ( 3.8%) |
| Median Home Value | $562,347 |
| Average Home Value | $569,687 |
Housing Distribution
Address Breakdown
Residential
2,007
Single Family
1,988
Multi-Family
19
Businesses
310
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Listed by: Tanya Bressel • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4000401