531 Mountain AveNorth CaldwellNJ07006
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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 North Caldwell at 531 Mountain Ave, North Caldwell, NJ, 07006 uses $289,520 cash to close to unlock $6,296/yr annual cash flow and $525/mo monthly cash flow. Total monthly income runs $6,797/mo, and a $4,307/mo payment keeps the spread at $525/mo. Purchase price stands at $879,999, and rental yield measures 9.27% with $6,797/mo rent. Return on cash invested shows 22.23% in year one, and 5% annual appreciation builds toward $243,128 over five years. Five-year ROI reaches 116.52% and total cumulative return in cash records $337,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,797/mo property income covering a $4,307/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
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Listed by: Amanda Corry • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3990113