7 Cleveland AveDoverNJ07801
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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 Dover at 7 Cleveland Ave, Dover, NJ, 07801 uses $92,820 cash to close to unlock $164/yr annual cash flow and $14/mo monthly cash flow. Total monthly income runs $2,009/mo, and a $1,370/mo payment keeps the spread at $14/mo. Purchase price stands at $280,000, and rental yield measures 8.61% with $2,009/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 105.01% and total cumulative return in cash records $97,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,009/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Condo
Built in 1942
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07801, Dover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,059 (100%) |
| Owner Occupied HU | 4,572 (50.5%) |
| Renter Occupied HU | 4,263 (47.1%) |
| Vacant Housing Units | 224 ( 2.5%) |
| Median Home Value | $400,436 |
| Average Home Value | $424,981 |
Housing Distribution
Address Breakdown
Residential
8,566
Single Family
7,892
Multi-Family
674
Businesses
664
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Listed by: Ilene Horowitz • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3978985