37 Mayer DrCliftonNJ07012
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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
Investment property for sale in Clifton at 37 Mayer Dr, Clifton, NJ, 07012 offers a 5.22% rental yield on a $545,500 purchase with $2,375/mo rent. 94% in year one. Equity gained on principal adds $3,520/yr while 5% annual appreciation supports $150,712 over five years. Portfolio math shows five-year ROI at 50.6% and total cumulative return in cash at $90,805. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,375/mo property income against a $2,670/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07012, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,279 (100%) |
| Owner Occupied HU | 3,022 (57.2%) |
| Renter Occupied HU | 2,068 (39.2%) |
| Vacant Housing Units | 189 ( 3.6%) |
| Median Home Value | $512,430 |
| Average Home Value | $581,372 |
Housing Distribution
Address Breakdown
Residential
5,270
Single Family
4,865
Multi-Family
405
Businesses
573
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Listed by: Marian Ryan Bloete • C-21 Christel Realty
Mls Name: GSMLS
Mls ID: #3976894