1203 River Rd APT 20JEdgewaterNJ07020
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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
Total monthly income runs $3,814/mo, and a $2,447/mo payment. Purchase price stands at $499,999, and rental yield measures 9.15% with $3,814/mo rent. Return on cash invested shows 13.24% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 71.42% and total cumulative return in cash records $118,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,814/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,171 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
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Listed by: Niyanna McLeod • Elite Real Estate Group
Mls Name: NJMLS
Mls Provider:
Mls ID: #25016110
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