74 Anchor Way #274XCliffwoodNJ07721
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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 Cliffwood at 74 Anchor Way #274X, Cliffwood, NJ, 07721 generates $3,076/mo in rent, after a $3,059/mo payment. Total monthly income is $3,076/mo. Return on cash invested sits at 12.01% in year one, and rental yield is 5.91% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 61.73% and total cumulative return in cash sums $126,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,076/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07721, Cliffwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,630 (100%) |
| Owner Occupied HU | 873 (53.6%) |
| Renter Occupied HU | 706 (43.3%) |
| Vacant Housing Units | 51 ( 3.1%) |
| Median Home Value | $440,317 |
| Average Home Value | $547,815 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
98
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Listed by: Agha Abbas • RE/MAX Central
Mls Name: MoreMLS
Mls ID: #22600386