140 Midland AvePark RidgeNJ07656
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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
Rental property for sale in Park Ridge at 140 Midland Ave, Park Ridge, NJ, 07656 offers $7,588/mo rent that, after a $5,629/mo payment. Total monthly income is $7,588/mo. Return on cash invested measures 18.41% in year one, and rental yield stands at 7.92% at a $1,150,000 entry. Equity gained on principal adds $7,421/yr while 5% annual appreciation compounds into $317,724 by year five. Five-year ROI records 95.95% and total cumulative return in cash reaches $357,513. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,588/mo property income versus a $5,629/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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Listed by: Lisa Ciaccio • Coldwell Banker, Hillsdale
Mls Name: NJMLS
Mls Provider:
Mls ID: #25028105
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-10-12 02:43:48 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.