4101 Piermont Rd #1305TenaflyNJ07670
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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
Total monthly income runs $4,500/mo, and a $4,038/mo payment. Purchase price stands at $825,000, and rental yield measures 6.55% with $4,500/mo rent. Return on cash invested shows 13.96% in year one, and 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 72.14% and total cumulative return in cash records $195,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,500/mo property income covering a $4,038/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07670, Tenafly, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,148 (100%) |
| Owner Occupied HU | 3,825 (74.3%) |
| Renter Occupied HU | 1,083 (21.0%) |
| Vacant Housing Units | 240 ( 4.7%) |
| Median Home Value | $981,899 |
| Average Home Value | $1,176,120 |
Housing Distribution
Address Breakdown
Residential
5,072
Single Family
5,004
Multi-Family
68
Businesses
547
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Listed by: Zhe Cheng • Realmart Realty, LLC
Mls Name: NJMLS
Mls ID: #26002341