431 Goffle RdWyckoffNJ07481
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Nearby investment properties with comparable prices
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 Wyckoff at 431 Goffle Rd, Wyckoff, NJ, 07481 priced at $649,000 converts $5,558/mo rent into $932/mo cash flow after a $3,177/mo obligation. Total monthly income equals $5,558/mo, and annual cash flow totals $11,179/yr on $213,521 invested. Return on cash invested prints 25.3% in year one, and rental yield reads 10.28% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 132.94% and total cumulative return in cash sums $283,860. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,558/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 1945
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07481, Wyckoff, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,792 (100%) |
| Owner Occupied HU | 5,200 (89.8%) |
| Renter Occupied HU | 403 ( 7.0%) |
| Vacant Housing Units | 189 ( 3.3%) |
| Median Home Value | $922,183 |
| Average Home Value | $1,032,548 |
Housing Distribution
Address Breakdown
Residential
5,919
Single Family
5,785
Multi-Family
134
Businesses
603
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Listed by: Maryanne Elsaesser • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3996109