61 W Main StClintonNJ08809
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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 Clinton at 61 W Main St, Clinton, NJ, 08809 generates $2,708/mo in rent, after a $2,814/mo payment. Total monthly income is $2,708/mo. Return on cash invested sits at 11.24% in year one, and rental yield is 5.65% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 57.57% and total cumulative return in cash sums $108,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,708/mo property income rather than buyer’s personal income.
Multi Family
Built in 1890
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08809, Clinton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 1,741 (67.0%) |
| Renter Occupied HU | 730 (28.1%) |
| Vacant Housing Units | 127 ( 4.9%) |
| Median Home Value | $447,167 |
| Average Home Value | $460,139 |
Housing Distribution
Address Breakdown
Residential
2,400
Single Family
2,400
Multi-Family
0
Businesses
490
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Listed by: Michael Gleason • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4002635