653 Passaic AveCliftonNJ07012
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
Investment property for sale in Clifton at 653 Passaic Ave, Clifton, NJ, 07012 with 5% annual appreciation on a $700,000 basis while $4,891/mo rent supports operations. 55% in year one. Equity gained on principal adds $4,517/yr, and five-year appreciation sums $193,397 alongside rental yield of 8.38%. Five-year ROI measures 102.11% and total cumulative return in cash totals $235,168. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,891/mo property income versus a $3,426/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07012, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,279 (100%) |
| Owner Occupied HU | 3,022 (57.2%) |
| Renter Occupied HU | 2,068 (39.2%) |
| Vacant Housing Units | 189 ( 3.6%) |
| Median Home Value | $512,430 |
| Average Home Value | $581,372 |
Housing Distribution
Address Breakdown
Residential
5,270
Single Family
4,865
Multi-Family
405
Businesses
573
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Malone • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3977506