1153 Ridge DrMountainsideNJ07092
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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 Mountainside at 1153 Ridge Dr, Mountainside, NJ, 07092 generates $6,190/mo in rent, after a $5,139/mo payment. Total monthly income is $6,190/mo. Return on cash invested sits at 15.81% in year one, and rental yield is 7.07% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 81.99% and total cumulative return in cash sums $278,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,190/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07092, Mountainside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,603 (100%) |
| Owner Occupied HU | 2,319 (89.1%) |
| Renter Occupied HU | 135 ( 5.2%) |
| Vacant Housing Units | 149 ( 5.7%) |
| Median Home Value | $765,240 |
| Average Home Value | $813,788 |
Housing Distribution
Address Breakdown
Residential
2,639
Single Family
2,541
Multi-Family
98
Businesses
386
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Listed by: Marlene Perez-santalla • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3981069