376 Madison Ave #T056CresskillNJ07626
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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 Cresskill at 376 Madison Ave #T056, Cresskill, NJ, 07626 uses $213,850 cash to close to unlock $16,408/yr annual cash flow and $1,367/mo monthly cash flow. Total monthly income runs $6,000/mo, and a $3,181/mo payment keeps the spread at $1,367/mo. Purchase price stands at $650,000, and rental yield measures 11.08% with $6,000/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 146.01% and total cumulative return in cash records $312,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,000/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Townhouse
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: Miriam Lambert • Christie's International Real Estate Group-Closter
Mls Name: NJMLS
Mls ID: #25029339