770 Anderson Ave APT 16FCliffside ParkNJ07010
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cliffside Park at 770 Anderson Ave APT 16F, Cliffside Park, NJ, 07010 generates $2,176/mo in rent, after a $1,605/mo payment. Total monthly income is $2,176/mo. Return on cash invested sits at 18.13% in year one, and rental yield is 7.96% on a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 94.53% and total cumulative return in cash sums $102,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,176/mo property income rather than buyer’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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Oppenheimer • RE/MAX Fortune Properties
Mls Name: NJMLS
Mls ID: #25039943