636 Cannella Way #636RiverdaleNJ07457
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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 Riverdale at 636 Cannella Way #636, Riverdale, NJ, 07457 earns $696/mo cash flow from $2,962/mo rent with a $1,556/mo payment. Total monthly income totals $2,962/mo, and annual cash flow totals $8,350/yr on $105,417 capital. ROI tracks 27.83% on current figures, and rental yield reads 11.18% at a $318,000 purchase. Equity gained on principal adds $2,052/yr, and 5% annual appreciation supports $87,858 over five years. Five-year ROI reaches 146.55% and total cumulative return in cash sums $154,487. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,962/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07457, Riverdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,402 (69.8%) |
| Renter Occupied HU | 542 (27.0%) |
| Vacant Housing Units | 65 ( 3.2%) |
| Median Home Value | $479,322 |
| Average Home Value | $583,347 |
Housing Distribution
Address Breakdown
Residential
1,989
Single Family
1,221
Multi-Family
768
Businesses
249
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Listed by: Mary Beth Lane Nappi • Terrie O'Connor Realtors-Wyckoff
Mls Name: NJMLS
Mls ID: #25038052