565 Grove St UNIT 1CliftonNJ07013
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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
Total monthly income runs $2,342/mo, and a $1,541/mo payment. Purchase price stands at $314,900, and rental yield measures 8.92% with $2,342/mo rent. Return on cash invested shows 16.19% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 85.9% and total cumulative return in cash records $89,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,342/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Condo
Built in 1965
871.20 sqft 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 Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3925279
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