136 Midland AveGlen RidgeNJ07028
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 Glen Ridge at 136 Midland Ave, Glen Ridge, NJ, 07028 priced at $920,000 converts $7,044/mo rent into $486/mo cash flow after a $4,503/mo obligation. Total monthly income equals $7,044/mo, and annual cash flow totals $5,836/yr on $302,680 invested. Return on cash invested prints 21.99% in year one, and rental yield reads 9.19% against a $920,000 entry. Equity gained on principal adds $5,937/yr, while 5% annual appreciation compiles into $254,179 by year five. Five-year ROI reaches 115.21% and total cumulative return in cash sums $348,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,044/mo property income covering a $4,503/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Amy Owens • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968064
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