1077 River Rd APT 1014, Edgewater, NJ, 07020 | $184/mo Cash Flow

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1077 River Rd APT 1014, Edgewater, NJ, 07020 | $184/mo Cash Flow | Ziffy

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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 1077 River Rd APT 1014, Edgewater, NJ, 07020 listed at $479,000 pairs $3,598/mo rent with a $2,344/mo payment to leave $184/mo cash flow. Total monthly income runs $3,598/mo, and annual cash flow reaches $2,211/yr on $158,789 cash to close. Return on cash invested measures 21.3% in year one, and rental yield registers 9.01% at a $479,000 basis. Equity gained on principal adds $3,091/yr, and annual property appreciation at 5% supports $132,339 by year five. Five-year ROI tracks 111.55% and total cumulative return in cash totals $177,135. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,598/mo property income relative to a $2,344/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious, bright and recently updated 1 Bedroom, 1 1/2 bathrooms residence in Admirals Walk condominium, known for its amazing amenities and outdoor living. This well layout apartment features unparalleled views of GW Bridge and Hudson river, floor to ceilling windows, oversized living and dining room, en suite bathroom and walk-in closet, eat-in kitchen, hardwood floors, large and private terrace, abundance of other closets and storage space. The building is located near great transportation to NYC by ferry or bus, shopping and restaurants.

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