770 Anderson Ave APT 15ACliffside ParkNJ07010
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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 Cliffside Park at 770 Anderson Ave APT 15A, Cliffside Park, NJ, 07010 uses $142,214 cash to close to unlock $4,631/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $3,444/mo, and a $2,100/mo payment keeps the spread at $386/mo. Purchase price stands at $429,000, and rental yield measures 9.63% with $3,444/mo rent. Return on cash invested shows 23.17% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 121.52% and total cumulative return in cash records $172,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,444/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07010, Cliffside Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,714 (100%) |
| Owner Occupied HU | 5,167 (44.1%) |
| Renter Occupied HU | 5,852 (50.0%) |
| Vacant Housing Units | 695 ( 5.9%) |
| Median Home Value | $656,045 |
| Average Home Value | $719,669 |
Housing Distribution
Address Breakdown
Residential
10,851
Single Family
5,006
Multi-Family
5,845
Businesses
572
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Listed by: BARBARA PEREZ • RIDGECO PROPERTIES NORTH
Mls Name: HCMLS
Mls ID: #250025989