565 Grove St APT A1CliftonNJ07013
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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 Clifton at 565 Grove St APT A1, Clifton, NJ, 07013 priced at $314,900 converts $3,240/mo rent into $575/mo cash flow after a $1,541/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $6,897/yr on $104,389 invested. Return on cash invested prints 26.52% in year one, and rental yield reads 12.35% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 141.25% and total cumulative return in cash sums $147,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$421 monthly 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, Caldwell
Mls Name: NJMLS
Mls Provider:
Mls ID: #24030638
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-11-11 03:11:32 PST Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.