1238 River RdEdgewaterNJ07020
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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 Edgewater at 1238 River Rd, Edgewater, NJ, 07020 projects strong ROI of 9.57%. Rental yield 5.06%. With 5% annual appreciation, the property builds $621,634 in value over five years. Equity growth combined delivers a projected five-year ROI of 48.58%, translating into $354,173 in total cumulative return on $729,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-23 | Listed for sale | $2,250,000 |
| 2024-11-21 | Sold | $2,020,000 |
| 2024-10-21 | Pending sale | $2,088,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-24 | $2383.50 | N/A | $150,000 | N/A |
| 2023-09-24 | N/A | N/A | $150,000 | N/A |
| 2022-09-24 | N/A | N/A | $150,000 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: N/A
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Radiant
- Cooling: Central Air
- Flooring: Hardwood
- Interior Features: Central Vacuum, Elevator
- Exterior Features: N/A
- Parking Features: Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: EVG
- Middle School: LMS
- High School: LHS
Listed by: Elina Policastro • Prominent Properties Sotheby's International Realty-Edgewater
Mls Name: NJMLS
Mls Provider:
Mls ID: #25034137
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-09-24 07:02:48 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.