87 Merselis AveCliftonNJ07011
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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 Clifton at 87 Merselis Ave, Clifton, NJ, 07011 priced at $419,900 converts $2,717/mo rent into after a $2,055/mo obligation. Total monthly income equals $2,717/mo. Return on cash invested prints 17.53% in year one, and rental yield reads 7.76% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 91.35% and total cumulative return in cash sums $127,152. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,717/mo property income covering a $2,055/mo payment, not borrower’s personal income.
Multi Family
Built in 1946
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07011, Clifton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,190 (100%) |
| Owner Occupied HU | 6,485 (45.7%) |
| Renter Occupied HU | 7,237 (51.0%) |
| Vacant Housing Units | 468 ( 3.3%) |
| Median Home Value | $464,178 |
| Average Home Value | $491,731 |
Housing Distribution
Address Breakdown
Residential
12,632
Single Family
11,206
Multi-Family
1,426
Businesses
1,193
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Listed by: Tina Cernuda • Re/Max Villa Realtors
Mls Name: GSMLS
Mls ID: #3976123