611 River RenaissanceEast RutherfordNJ07073
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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 $2,467/mo, and a $1,909/mo payment. Purchase price stands at $390,000, and rental yield measures 7.59% with $2,467/mo rent. Return on cash invested shows 15.06% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 78.78% and total cumulative return in cash records $101,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$209 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07073, East Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 1,639 (33.6%) |
| Renter Occupied HU | 2,949 (60.5%) |
| Vacant Housing Units | 283 ( 5.8%) |
| Median Home Value | $560,593 |
| Average Home Value | $637,271 |
Housing Distribution
Address Breakdown
Residential
4,358
Single Family
3,395
Multi-Family
963
Businesses
791
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Listed by: Sheryl L. Madonna • Weichert Realtors, Clifton
Mls Name: NJMLS
Mls Provider:
Mls ID: #24031720
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