529 CovingtonWyckoffNJ07481
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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 Wyckoff at 529 Covington, Wyckoff, NJ, 07481 priced at $1,299,000 pairs $4,601/mo rent with after a $6,358/mo payment. Total monthly income equals $4,601/mo. Return on cash invested is 7.09% in year one, and rental yield stands at 4.25% on a $1,299,000 basis. Equity gained on principal adds $8,382/yr, and 5% annual appreciation accumulates to $358,890 by year five. Five-year ROI measures 35.25% and total cumulative return in cash reaches $148,369. For financing, Ziffy Mortgage’s DSCR program evaluates $4,601/mo property income against a $6,358/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.57 Acres 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: Gregory Earnshaw • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls ID: #3986961