1111 River Rd APT D5EdgewaterNJ07020
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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 1111 River Rd APT D5, Edgewater, NJ, 07020 generates $3,282/mo in rent and, after a $1,895/mo payment, leaves $522/mo in cash flow. Total monthly income is $3,282/mo, and annual cash flow is $6,267/yr on $128,357 invested. Return on cash invested sits at 24.79% in year one, and rental yield is 10.17% on a $387,200 entry. Equity gained on principal adds $2,499/yr, while 5% annual appreciation builds toward $106,976 over five years. Five-year ROI reaches 130.28% and total cumulative return in cash sums $167,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,282/mo property income rather than buyer’s personal income.
Condo
Built in 1980
3.66 Acres 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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