471 N Midland Ave #10Saddle BrookNJ07663
Nearby investment properties with comparable rents
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
Investment property for sale in Saddle Brook at 471 N Midland Ave #10, Saddle Brook, NJ, 07663 offers a 9.1% rental yield on a $499,000 purchase with $3,785/mo rent. Total monthly income registers $3,785/mo, and a $2,442/mo payment leaves $229/mo available for distribution. Annual cash flow reaches $2,743/yr on $165,419 to close, and return on cash invested stands at 21.57% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 112.96% and total cumulative return in cash at $186,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,785/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07663, Saddle Brook, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 3,838 (68.1%) |
| Renter Occupied HU | 1,572 (27.9%) |
| Vacant Housing Units | 229 ( 4.1%) |
| Median Home Value | $557,284 |
| Average Home Value | $556,459 |
Housing Distribution
Address Breakdown
Residential
5,401
Single Family
5,171
Multi-Family
230
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle M. Troast • Citywest Real Estate
Mls Name: GSMLS
Mls ID: #3999694