373 Piermont RdCresskillNJ07626
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
Investment property for sale in Cresskill at 373 Piermont Rd, Cresskill, NJ, 07626 at $1,069,000 posts ROI 22.87% with $721/mo cash flow from $8,340/mo rent. Total monthly income equals $8,340/mo, and annual cash flow records $8,647/yr on $346,356 to close. Return on cash invested measures 22.87% and rental yield reads 9.36% at the current $1,069,000. Equity gained on principal adds $6,898/yr, and 5% annual appreciation supports $295,345 by year five. Five-year ROI prints 119.86% and total cumulative return in cash totals $415,159.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07626, Cresskill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,118 (100%) |
| Owner Occupied HU | 2,350 (75.4%) |
| Renter Occupied HU | 634 (20.3%) |
| Vacant Housing Units | 134 ( 4.3%) |
| Median Home Value | $795,152 |
| Average Home Value | $895,836 |
Housing Distribution
Address Breakdown
Residential
3,078
Single Family
2,925
Multi-Family
153
Businesses
269
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Listed by: Wayne Adler • Keller Williams Town Life
Mls Name: NJMLS
Mls ID: #25029428