1420 Westgate DrFort LeeNJ07024
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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 Fort Lee at 1420 Westgate Dr, Fort Lee, NJ, 07024 offers a 10.48% rental yield on a $589,888 purchase with $5,152/mo rent. Total monthly income registers $5,152/mo, and a $2,887/mo payment leaves $948/mo available for distribution. Annual cash flow reaches $11,371/yr on $194,073 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $3,806/yr while 5% annual appreciation supports $162,975 over five years. Portfolio math shows five-year ROI at 136.28% and total cumulative return in cash at $264,485. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,152/mo property income against a $2,887/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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
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Listed by: Youngjoo Sung • RE/MAX NOW - Palisades Park
Mls Name: NJMLS
Mls ID: #25041700