47 Myrtle AveCliftonNJ07014
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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 Clifton at 47 Myrtle Ave, Clifton, NJ, 07014 earns from $2,911/mo rent with a $3,377/mo payment. Total monthly income totals $2,911/mo. ROI tracks 9.45% on current figures, and rental yield reads 5.06% at a $690,000 purchase. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,634 over five years. Five-year ROI reaches 47.95% and total cumulative return in cash sums $108,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,911/mo property income instead of your personal income.
Single Family
Built in 1958
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07014, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,087 (100%) |
| Owner Occupied HU | 1,509 (72.3%) |
| Renter Occupied HU | 499 (23.9%) |
| Vacant Housing Units | 79 ( 3.8%) |
| Median Home Value | $562,347 |
| Average Home Value | $569,687 |
Housing Distribution
Address Breakdown
Residential
2,007
Single Family
1,988
Multi-Family
19
Businesses
310
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Listed by: Cheryl A. Gugliotti • Re/Max Real Estate Limited
Mls Name: GSMLS
Mls ID: #3990431