408 Woodcliff AveNorth BergenNJ07047
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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 North Bergen at 408 Woodcliff Ave, North Bergen, NJ, 07047 priced at $1,199,000 converts $4,784/mo rent into after a $5,869/mo obligation. Total monthly income equals $4,784/mo. Return on cash invested prints 8.75% in year one, and rental yield reads 4.79% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 44.15% and total cumulative return in cash sums $171,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,784/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
6,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07047, North Bergen, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,098 (100%) |
| Owner Occupied HU | 9,447 (34.9%) |
| Renter Occupied HU | 15,608 (57.6%) |
| Vacant Housing Units | 2,043 ( 7.5%) |
| Median Home Value | $564,058 |
| Average Home Value | $608,904 |
Housing Distribution
Address Breakdown
Residential
22,031
Single Family
11,474
Multi-Family
10,557
Businesses
1,458
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Listed by: Farhan Yousufi • KELLER WILLIAMS CITY VIEWS
Mls Name: HCMLS
Mls ID: #250001630
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.