117 Monroe AveRiver EdgeNJ07661
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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 River Edge at 117 Monroe Ave, River Edge, NJ, 07661 priced at $765,000 converts $6,480/mo rent into $1,028/mo cash flow after a $3,744/mo obligation. Total monthly income equals $6,480/mo, and annual cash flow totals $12,330/yr on $251,685 invested. Return on cash invested prints 24.96% in year one, and rental yield reads 10.16% against a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation compiles into $211,355 by year five. Five-year ROI reaches 131.13% and total cumulative return in cash sums $330,047. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,480/mo property income covering a $3,744/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07661, River Edge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 3,066 (72.2%) |
| Renter Occupied HU | 1,056 (24.9%) |
| Vacant Housing Units | 123 ( 2.9%) |
| Median Home Value | $674,578 |
| Average Home Value | $722,772 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
3,871
Multi-Family
408
Businesses
328
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Listed by: Brian Yoo • Coldwell Banker, Fort Lee
Mls Name: NJMLS
Mls ID: #26001996