735 Elm Ave #2CTeaneckNJ07666
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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
Total monthly income runs $880/mo, and a $538/mo payment. Purchase price stands at $110,000, and rental yield measures 9.6% with $880/mo rent. Return on cash invested shows -17.07% in year one, and 5% annual appreciation builds toward $30,391 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $880/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1940
0.56 Acres lot
$N/A/sqft
$1,220 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07666, Teaneck, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,090 (100%) |
| Owner Occupied HU | 10,497 (69.6%) |
| Renter Occupied HU | 3,871 (25.7%) |
| Vacant Housing Units | 722 ( 4.8%) |
| Median Home Value | $601,924 |
| Average Home Value | $701,365 |
Housing Distribution
Address Breakdown
Residential
14,574
Single Family
12,755
Multi-Family
1,819
Businesses
1,298
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Listed by: Stergia Kalogirou • Coldwell Banker Realty Srv
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970178
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