611 River Renaissance UNIT C-11East 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
Investment property for sale in East Rutherford at 611 River Renaissance UNIT C-11, East Rutherford, NJ, 07073 earns from $2,467/mo rent with a $1,909/mo payment. Total monthly income totals $2,467/mo. ROI tracks 15.06% on current figures, and rental yield reads 7.59% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 78.78% and total cumulative return in cash sums $101,852. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,467/mo property income instead of your personal income.
Condo
Built in 1984
1,116 sqft 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 Madonna • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927018
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