64 Evergreen DrNorth CaldwellNJ07006
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Caldwell at 64 Evergreen Dr, North Caldwell, NJ, 07006 priced at $959,000 converts $6,954/mo rent into $118/mo cash flow after a $4,694/mo obligation. Total monthly income equals $6,954/mo, and annual cash flow totals $1,419/yr on $315,511 invested. Return on cash invested prints 20.51% in year one, and rental yield reads 8.7% against a $959,000 entry. Equity gained on principal adds $6,188/yr, while 5% annual appreciation compiles into $264,954 by year five. Five-year ROI reaches 107.28% and total cumulative return in cash sums $338,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,954/mo property income covering a $4,694/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara A Gargiulo • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3968737