565 Grove #6CliftonNJ07013
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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 Clifton at 565 Grove #6, Clifton, NJ, 07013 listed at $307,000 pairs $2,850/mo rent with a $1,503/mo payment to leave $661/mo cash flow. Total monthly income runs $2,850/mo, and annual cash flow reaches $7,936/yr on $101,771 cash to close. Return on cash invested measures 27.71% in year one, and rental yield registers 11.14% at a $307,000 basis. Equity gained on principal adds $1,981/yr, and annual property appreciation at 5% supports $84,818 by year five. Five-year ROI tracks 145.92% and total cumulative return in cash totals $148,502. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,850/mo property income relative to a $1,503/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07013, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,346 (100%) |
| Owner Occupied HU | 7,850 (69.2%) |
| Renter Occupied HU | 2,970 (26.2%) |
| Vacant Housing Units | 526 ( 4.6%) |
| Median Home Value | $520,711 |
| Average Home Value | $566,172 |
Housing Distribution
Address Breakdown
Residential
10,926
Single Family
9,819
Multi-Family
1,107
Businesses
893
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Listed by: Kathleen Milinkovich • Coldwell Banker, Upper Montclair
Mls Name: NJMLS
Mls ID: #25031682