12 Mountain Ridge RdBloomingdaleNJ07403
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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 Bloomingdale at 12 Mountain Ridge Rd, Bloomingdale, NJ, 07403 offers $2,760/mo rent that, after a $2,324/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 15.15% in year one, and rental yield stands at 6.97% at a $474,900 entry. Equity gained on principal adds $3,064/yr while 5% annual appreciation compounds into $131,206 by year five. Five-year ROI records 78.56% and total cumulative return in cash reaches $123,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $2,324/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07403, Bloomingdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,166 (100%) |
| Owner Occupied HU | 2,141 (67.6%) |
| Renter Occupied HU | 874 (27.6%) |
| Vacant Housing Units | 151 ( 4.8%) |
| Median Home Value | $456,880 |
| Average Home Value | $499,813 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,950
Multi-Family
120
Businesses
219
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Listed by: Valerie Tramontozzi • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls ID: #4003274