68 E 8Th StCliftonNJ07011
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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
Rental property for sale in Clifton at 68 E 8Th St, Clifton, NJ, 07011 priced at $545,000 converts $4,051/mo rent into $166/mo cash flow after a $2,668/mo obligation. Total monthly income equals $4,051/mo, and annual cash flow totals $1,990/yr on $179,305 invested. Return on cash invested prints 21.17% in year one, and rental yield reads 8.92% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 110.81% and total cumulative return in cash sums $198,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,051/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 1925
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07011, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,190 (100%) |
| Owner Occupied HU | 6,485 (45.7%) |
| Renter Occupied HU | 7,237 (51.0%) |
| Vacant Housing Units | 468 ( 3.3%) |
| Median Home Value | $464,178 |
| Average Home Value | $491,731 |
Housing Distribution
Address Breakdown
Residential
12,632
Single Family
11,206
Multi-Family
1,426
Businesses
1,193
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Listed by: Federico Sanchez • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3983510