605 Grove St BLDG C #5CliftonNJ07013
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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 605 Grove St BLDG C #5, Clifton, NJ, 07013 uses $66,267 cash to close to unlock $1,339/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,536/mo, and a $978/mo payment keeps the spread at $112/mo. Purchase price stands at $199,900, and rental yield measures 9.22% with $1,536/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 114.94% and total cumulative return in cash records $76,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1966
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: Raquel Celi • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3972711