106 W Ridge MewsWood RidgeNJ07075
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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 Wood Ridge at 106 W Ridge Mews, Wood Ridge, NJ, 07075 offers $2,887/mo rent that, after a $1,806/mo payment, leaves $4/mo cash flow. Total monthly income is $2,887/mo, and annual cash flow is $47/yr on $122,324 cash. Return on cash invested measures 19.95% in year one, and rental yield stands at 9.39% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 105.18% and total cumulative return in cash reaches $128,655. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,887/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$253 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07075, Wood Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,306 (100%) |
| Owner Occupied HU | 3,002 (69.7%) |
| Renter Occupied HU | 1,173 (27.2%) |
| Vacant Housing Units | 131 ( 3.0%) |
| Median Home Value | $603,964 |
| Average Home Value | $627,045 |
Housing Distribution
Address Breakdown
Residential
4,253
Single Family
3,959
Multi-Family
294
Businesses
257
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Listed by: Thomas Stack • STACK AND STACK, LLC
Mls Name: HCMLS
Mls ID: #240020386
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.