1408 Wharton Ct #1408RiverdaleNJ07457
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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 Riverdale at 1408 Wharton Ct #1408, Riverdale, NJ, 07457 generates $3,890/mo in rent and, after a $2,619/mo payment, leaves $76/mo in cash flow. Total monthly income is $3,890/mo, and annual cash flow is $914/yr on $176,015 invested. Return on cash invested sits at 20.58% in year one, and rental yield is 8.73% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 107.67% and total cumulative return in cash sums $189,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,890/mo property income rather than buyer’s personal income.
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: Patricia Lowe • Keller Williams Prosperity Realty
Mls Name: NJMLS
Mls ID: #26002146