1410 Wharton CtRiverdaleNJ07457
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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 Riverdale at 1410 Wharton Ct, Riverdale, NJ, 07457 uses $148,181 cash to close to unlock $3,944/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $3,890/mo, and a $2,188/mo payment keeps the spread at $329/mo. Purchase price stands at $447,000, and rental yield measures 10.44% with $3,890/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $123,498 over five years. Five-year ROI reaches 119.45% and total cumulative return in cash records $177,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,890/mo property income covering a $2,188/mo payment rather than investor’s personal income.
Condo
Built in 2006
5,662 sqft lot
$N/A/sqft
$375 monthly 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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