1055 River Rd APT 905, Edgewater, NJ, 07020 | $213/mo Cash Flow

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1055 River Rd APT 905, Edgewater, NJ, 07020 | $213/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Edgewater at 1055 River Rd APT 905, Edgewater, NJ, 07020 offers a 9.09% rental yield on a $474,900 purchase with $3,598/mo rent. Total monthly income registers $3,598/mo, and a $2,324/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,561/yr on $157,429 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $3,064/yr while 5% annual appreciation supports $131,206 over five years. Portfolio math shows five-year ROI at 112.8% and total cumulative return in cash at $177,587. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,598/mo property income against a $2,324/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Experience luxury and space in this impeccably maintained high-floor condo offering over 1,000 sq. ft. of living space on Edgewater's prestigious Gold Coast. Ideally located by Grand Cove Marina with convenient NYC ferry access, this residence combines sophistication, comfort, and security. Step inside to a bright, open layout featuring Brazilian cherry wood floors and custom doors throughout. The expansive living and dining area opens to a large private terrace, perfect for relaxing or entertaining while enjoying breathtaking sunset and cliffside views. The modern eat-in kitchen is beautifully appointed with granite countertops, European cabinetry, a brick accent wall, and a breakfast island, complemented by partial views of NYC, the George Washington Bridge, and the Hudson River. The spacious bedroom suite offers a walk-in closet and an oversized custom bath featuring a luxurious shower and two-seater soaking tub. Residents enjoy peace of mind and convenience with a gated, secure entrance and a 24-hour doorman. Additional amenities include a swimming pool, fitness center, tennis and basketball courts and riverfront park. One parking space is included. Live the Gold Coast lifestylewhere space, elegance, and service meet in perfect harmony.

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