12 Elk DrOak RidgeNJ07438
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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 Oak Ridge at 12 Elk Dr, Oak Ridge, NJ, 07438 earns from $2,595/mo rent with a $1,786/mo payment. Total monthly income totals $2,595/mo. ROI tracks 19.72% on current figures, and rental yield reads 8.53% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 103.15% and total cumulative return in cash sums $124,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,595/mo property income instead of your personal income.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Listed by: Patricia Fletcher • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3981824
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