100 Grand Cove Way APT 4GEdgewaterNJ07020
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
Investment property for sale in Edgewater at 100 Grand Cove Way APT 4G, Edgewater, NJ, 07020 with 5% annual appreciation on a $548,500 basis while $4,350/mo rent supports operations. Total monthly income totals $4,350/mo and a $2,685/mo payment preserves $440/mo for cash returns. Annual cash flow comes to $5,280/yr on $180,457 deployed, and return on cash invested reaches 22.99% in year one. Equity gained on principal adds $3,539/yr, and five-year appreciation sums $151,540 alongside rental yield of 9.52%. Five-year ROI measures 120.58% and total cumulative return in cash totals $217,591.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,350/mo property income versus a $2,685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A