13 Melbourne CtWoodbridgeNJ07095
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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 Woodbridge at 13 Melbourne Ct, Woodbridge, NJ, 07095 priced at $499,000 converts $2,894/mo rent into after a $2,442/mo obligation. Total monthly income equals $2,894/mo. Return on cash invested prints 15.1% in year one, and rental yield reads 6.96% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 78.31% and total cumulative return in cash sums $129,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,894/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Multi Family
Built in 1921
5,536 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07095, Woodbridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,218 (100%) |
| Owner Occupied HU | 4,599 (49.9%) |
| Renter Occupied HU | 4,044 (43.9%) |
| Vacant Housing Units | 575 ( 6.2%) |
| Median Home Value | $448,125 |
| Average Home Value | $483,766 |
Housing Distribution
Address Breakdown
Residential
8,914
Single Family
6,970
Multi-Family
1,944
Businesses
1,073
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Listed by: MAGDY RIZK • PRESTIGE PROPRTY GRP MONTCLAIR
Mls Name: All Jersey MLS
Mls ID: #2604529R