130 Linden Ave, Unit 2 BLDG 130 #2Glen RidgeNJ07028
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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 Glen Ridge at 130 Linden Ave, Unit 2 BLDG 130 #2, Glen Ridge, NJ, 07028 earns $928/mo cash flow from $6,250/mo rent with a $3,177/mo payment. Total monthly income totals $6,250/mo, and annual cash flow totals $11,139/yr on $213,521 capital. ROI tracks 25.28% on current figures, and rental yield reads 11.56% at a $649,000 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 over five years. Five-year ROI reaches 134.26% and total cumulative return in cash sums $286,680. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,250/mo property income instead of your personal income.
Townhouse
Built in 1885
N/A lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07028, Glen Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,796 (100%) |
| Owner Occupied HU | 2,250 (80.5%) |
| Renter Occupied HU | 491 (17.6%) |
| Vacant Housing Units | 55 ( 2.0%) |
| Median Home Value | $821,864 |
| Average Home Value | $913,219 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,491
Multi-Family
239
Businesses
179
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Listed by: Janet Sklar • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3988290
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