308 Myrtle StreetCliffwoodNJ07721
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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
Investment property for sale in Cliffwood at 308 Myrtle Street, Cliffwood, NJ, 07721 with 5% annual appreciation on a $650,000 basis while $3,619/mo rent supports operations. 37% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 6.68%. Five-year ROI measures 74.37% and total cumulative return in cash totals $159,038. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,619/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1945
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07721, Cliffwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,630 (100%) |
| Owner Occupied HU | 873 (53.6%) |
| Renter Occupied HU | 706 (43.3%) |
| Vacant Housing Units | 51 ( 3.1%) |
| Median Home Value | $440,317 |
| Average Home Value | $547,815 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
98
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Listed by: Jenise Buckalew • Green Light Realty
Mls Name: MoreMLS
Mls ID: #22526198