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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Edgewater at 100 Grand Cove Way APT 3N, Edgewater, NJ, 07020 generates $3,598/mo in rent and, after a $2,055/mo payment, leaves $605/mo in cash flow. Total monthly income is $3,598/mo, and annual cash flow is $7,263/yr on $139,197 invested. Return on cash invested sits at 25.13% in year one, and rental yield is 10.28% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash sums $183,840. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,598/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Susan Leegwater • Mission Realty LLC
Mls Name: NJMLS
Mls ID: #25030802
