117 Ridge Ave #119Park RidgeNJ07656
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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
Investment property for sale in Park Ridge at 117 Ridge Ave #119, Park Ridge, NJ, 07656 earns from $5,040/mo rent with a $4,478/mo payment. Total monthly income totals $5,040/mo. ROI tracks 14.15% on current figures, and rental yield reads 6.61% at a $915,000 purchase. Equity gained on principal adds $5,904/yr, and 5% annual appreciation supports $252,798 over five years. Five-year ROI reaches 73.19% and total cumulative return in cash sums $220,337. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,040/mo property income instead of your personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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Listed by: Carolee Chirico • Keller Williams Valley Realty
Mls Name: NJMLS
Mls ID: #25033236