134 Kensington DrFort LeeNJ07024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fort Lee at 134 Kensington Dr, Fort Lee, NJ, 07024 offers $11,813/mo rent that, after a $6,794/mo payment, leaves $1,023/mo cash flow. Total monthly income is $11,813/mo, and annual cash flow is $12,278/yr on $449,712 cash. Return on cash invested measures 23.1% in year one, and rental yield stands at 10.21% at a $1,388,000 entry. Equity gained on principal adds $8,957/yr while 5% annual appreciation compounds into $383,479 by year five. Five-year ROI records 121.99% and total cumulative return in cash reaches $548,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $11,813/mo property income versus a $6,794/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
$896 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nelson Chen • THE CHEN AGENCY
Mls Name: HCMLS
Mls ID: #240014100
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.