131 Lippincott AveRiversideNJ08075
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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 Riverside at 131 Lippincott Ave, Riverside, NJ, 08075 uses $132,526 cash to close to unlock $9,866/yr annual cash flow and $822/mo monthly cash flow. Total monthly income runs $3,672/mo, and a $1,957/mo payment keeps the spread at $822/mo. Purchase price stands at $399,777, and rental yield measures 11.02% with $3,672/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $110,451 over five years. Five-year ROI reaches 144.03% and total cumulative return in cash records $190,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,672/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08075, Riverside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,515 (100%) |
| Owner Occupied HU | 8,314 (66.4%) |
| Renter Occupied HU | 3,688 (29.5%) |
| Vacant Housing Units | 513 ( 4.1%) |
| Median Home Value | $342,696 |
| Average Home Value | $379,444 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
12,079
Multi-Family
181
Businesses
701
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Listed by: Liam Coonahan • Real of Pennsylvania
Mls Name: Bright MLS
Mls ID: #NJBL2096546