108 The Promenade #108EdgewaterNJ07020
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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 Edgewater at 108 The Promenade #108, Edgewater, NJ, 07020 generates $4,658/mo in rent and, after a $3,079/mo payment, leaves $174/mo in cash flow. Total monthly income is $4,658/mo, and annual cash flow is $2,091/yr on $206,941 invested. Return on cash invested sits at 21.07% in year one, and rental yield is 8.89% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 110.29% and total cumulative return in cash sums $228,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,658/mo property income rather than buyer’s personal income.
Condo
Built in N/A
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
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Listed by: Lori Stein • Coldwell Banker, Fort Lee
Mls Name: NJMLS
Mls ID: #26003424