105 Midland AveGlen RidgeNJ07028
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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
Investment property for sale in Glen Ridge at 105 Midland Ave, Glen Ridge, NJ, 07028 with 5% annual appreciation on a $529,000 basis while $2,880/mo rent supports operations. 92% in year one. Equity gained on principal adds $3,414/yr, and five-year appreciation sums $146,153 alongside rental yield of 6.53%. Five-year ROI measures 71.94% and total cumulative return in cash totals $125,213. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,880/mo property income versus a $2,589/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1923
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07028, Glen Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,796 (100%) |
| Owner Occupied HU | 2,250 (80.5%) |
| Renter Occupied HU | 491 (17.6%) |
| Vacant Housing Units | 55 ( 2.0%) |
| Median Home Value | $821,864 |
| Average Home Value | $913,219 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,491
Multi-Family
239
Businesses
179
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Listed by: Maria L. Vecchione • West Of Hudson Real Estate
Mls Name: GSMLS
Mls ID: #4004531