11 S Monroe StRidgewoodNJ07450
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Nearby investment properties with comparable prices
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 Ridgewood at 11 S Monroe St, Ridgewood, NJ, 07450 at $685,000 posts ROI 20.61% with $103/mo cash flow from $4,986/mo rent. Total monthly income equals $4,986/mo, and annual cash flow records $1,238/yr on $225,365 to close. Return on cash invested measures 20.61% and rental yield reads 8.73% at the current $685,000. Equity gained on principal adds $4,420/yr, and 5% annual appreciation supports $189,253 by year five. Five-year ROI prints 107.82% and total cumulative return in cash totals $242,998.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,986/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
7,057 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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