380 Durie AveClosterNJ07624
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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 Closter at 380 Durie Ave, Closter, NJ, 07624 priced at $493,766 pairs $6,600/mo rent with $2,943/mo cash flow after a $2,417/mo payment. Total monthly income equals $6,600/mo, and annual cash flow comes to $35,319/yr on $163,683 invested. Return on cash invested is 41.49% in year one, and rental yield stands at 16.04% on a $493,766 basis. Equity gained on principal adds $3,186/yr, and 5% annual appreciation accumulates to $136,418 by year five. Five-year ROI measures 220.17% and total cumulative return in cash reaches $360,379. For financing, Ziffy Mortgage’s DSCR program evaluates $6,600/mo property income against a $2,417/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07624, Closter, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,858 (100%) |
| Owner Occupied HU | 2,299 (80.4%) |
| Renter Occupied HU | 431 (15.1%) |
| Vacant Housing Units | 128 ( 4.5%) |
| Median Home Value | $844,388 |
| Average Home Value | $931,435 |
Housing Distribution
Address Breakdown
Residential
2,886
Single Family
2,856
Multi-Family
30
Businesses
516
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Listed by: Rebecca LaPira • RE/MAX Signature Homes
Mls Name: NJMLS
Mls Provider:
Mls ID: #24020033
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-01-27 21:47:37 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.