8 Cinnamon DrUpper Saddle RiverNJ07458
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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 Upper Saddle River at 8 Cinnamon Dr, Upper Saddle River, NJ, 07458 priced at $1,257,440 converts $6,000/mo rent into after a $6,155/mo obligation. Total monthly income equals $6,000/mo. Return on cash invested prints 10.26% in year one, and rental yield reads 5.73% against a $1,257,440 entry. Equity gained on principal adds $8,114/yr, while 5% annual appreciation compiles into $347,407 by year five. Five-year ROI reaches 52.75% and total cumulative return in cash sums $214,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $6,155/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
$470 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07458, Saddle River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,439 (100%) |
| Owner Occupied HU | 3,693 (83.2%) |
| Renter Occupied HU | 409 ( 9.2%) |
| Vacant Housing Units | 337 ( 7.6%) |
| Median Home Value | $1,265,134 |
| Average Home Value | $1,367,960 |
Housing Distribution
Address Breakdown
Residential
4,458
Single Family
4,367
Multi-Family
91
Businesses
419
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Nearby investment properties with comparable prices
Listed by: Stephanie Posnak • Toll Brothers Real Estate, Inc
Mls Name: NJMLS
Mls Provider:
Mls ID: #24035987
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-11-10 22:41:31 PST Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.