605 Grove St BLDG K #4CliftonNJ07013
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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 K #4, Clifton, NJ, 07013 offers a 9.4% rental yield on a $329,900 purchase with $2,584/mo rent. Total monthly income registers $2,584/mo, and a $1,615/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,787/yr on $109,362 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 117.76% and total cumulative return in cash at $128,787. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,584/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Vincent J Costa Iii • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3997917