1305 Wharton CtRiverdaleNJ07457
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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 Riverdale at 1305 Wharton Ct, Riverdale, NJ, 07457 offers a 9.91% rental yield on a $358,700 purchase with $2,962/mo rent. Total monthly income registers $2,962/mo, and a $1,756/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,859/yr on $118,909 to close, and return on cash invested stands at 24% in year one. Equity gained on principal adds $2,315/yr while 5% annual appreciation supports $99,102 over five years. Portfolio math shows five-year ROI at 125.98% and total cumulative return in cash at $149,805. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,962/mo property income against a $1,756/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07457, Riverdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,402 (69.8%) |
| Renter Occupied HU | 542 (27.0%) |
| Vacant Housing Units | 65 ( 3.2%) |
| Median Home Value | $479,322 |
| Average Home Value | $583,347 |
Housing Distribution
Address Breakdown
Residential
1,989
Single Family
1,221
Multi-Family
768
Businesses
249
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Listed by: Tina Cali • Century 21 Gemini Realty, LLC
Mls Name: NJMLS
Mls ID: #25034217