1150 River Rd APT 4FEdgewaterNJ07020
Nearby investment properties with comparable rents
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 Edgewater at 1150 River Rd APT 4F, Edgewater, NJ, 07020 listed at $470,000 pairs $3,283/mo rent with a $2,300/mo payment. Total monthly income runs $3,283/mo. Return on cash invested measures 19.4% in year one, and rental yield registers 8.38% at a $470,000 basis. Equity gained on principal adds $3,033/yr, and annual property appreciation at 5% supports $129,852 by year five. Five-year ROI tracks 101.33% and total cumulative return in cash totals $157,881. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,283/mo property income relative to a $2,300/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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KHADIJAH KOUMBASSA • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #250025184