397 Castle DrEnglewood CliffsNJ07632
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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 Englewood Cliffs at 397 Castle Dr, Englewood Cliffs, NJ, 07632 offers a 3.95% rental yield on a $1,998,888 purchase with $6,580/mo rent. 16% in year one. Equity gained on principal adds $12,899/yr while 5% annual appreciation supports $552,256 over five years. Portfolio math shows five-year ROI at 30.28% and total cumulative return in cash at $196,110. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,580/mo property income against a $9,784/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Dunne • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls Provider:
Mls ID: #25013234
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: 2025-04-25 07:47:22 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.