6 Akers AveMontvaleNJ07645
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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 Montvale at 6 Akers Ave, Montvale, NJ, 07645 uses $219,772 cash to close to unlock $22,058/yr annual cash flow and $1,838/mo monthly cash flow. Total monthly income runs $6,600/mo, and a $3,270/mo payment keeps the spread at $1,838/mo. Purchase price stands at $668,000, and rental yield measures 11.86% with $6,600/mo rent. Return on cash invested shows 30.1% in year one, and 5% annual appreciation builds toward $184,556 over five years. Five-year ROI reaches 158.7% and total cumulative return in cash records $348,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $3,270/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07645, Montvale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,621 (74.2%) |
| Renter Occupied HU | 801 (22.7%) |
| Vacant Housing Units | 111 ( 3.1%) |
| Median Home Value | $749,662 |
| Average Home Value | $804,210 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,611
Multi-Family
196
Businesses
532
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Listed by: Ghada Abbasi • Coldwell Banker, Ridgewood
Mls Name: NJMLS
Mls ID: #25037910