5 Tenakill Pk Dr UNIT 301CresskillNJ07626
Nearby investment properties with comparable rents
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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
Rental property for sale in Cresskill at 5 Tenakill Pk Dr UNIT 301, Cresskill, NJ, 07626 priced at $524,000 converts $3,060/mo rent into after a $2,565/mo obligation. Total monthly income equals $3,060/mo. Return on cash invested prints 10.75% in year one, and rental yield reads 7.01% against a $524,000 entry. Equity gained on principal adds $3,381/yr, while 5% annual appreciation compiles into $144,772 by year five. Five-year ROI reaches 56.62% and total cumulative return in cash sums $97,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $2,565/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$662 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07626, Cresskill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,118 (100%) |
| Owner Occupied HU | 2,350 (75.4%) |
| Renter Occupied HU | 634 (20.3%) |
| Vacant Housing Units | 134 ( 4.3%) |
| Median Home Value | $795,152 |
| Average Home Value | $895,836 |
Housing Distribution
Address Breakdown
Residential
3,078
Single Family
2,925
Multi-Family
153
Businesses
269
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Listed by: Michael Kowalski • Redfin Corporation
Mls Name: GSMLS
Mls Provider:
Mls ID: #3944347
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