5 Athens WayCliffwoodNJ07721
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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 Cliffwood at 5 Athens Way, Cliffwood, NJ, 07721 uses $172,725 cash to close to unlock $8,274/yr annual cash flow and $690/mo monthly cash flow. Total monthly income runs $4,432/mo, and a $2,570/mo payment keeps the spread at $690/mo. Purchase price stands at $525,000, and rental yield measures 10.13% with $4,432/mo rent. Return on cash invested shows 24.85% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 130.56% and total cumulative return in cash records $225,513. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,432/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Condo
Built in 2022
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07721, Cliffwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,630 (100%) |
| Owner Occupied HU | 873 (53.6%) |
| Renter Occupied HU | 706 (43.3%) |
| Vacant Housing Units | 51 ( 3.1%) |
| Median Home Value | $440,317 |
| Average Home Value | $547,815 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
98
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Listed by: Susan Marcrie • RE/MAX Innovation
Mls Name: MoreMLS
Mls ID: #22600752