144 Union StRidgewoodNJ07450
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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 Ridgewood at 144 Union St, Ridgewood, NJ, 07450 priced at $1,275,000 converts $6,090/mo rent into after a $6,240/mo obligation. Total monthly income equals $6,090/mo. Return on cash invested prints 11.66% in year one, and rental yield reads 5.73% against a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation compiles into $352,259 by year five. Five-year ROI reaches 59.78% and total cumulative return in cash sums $246,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,090/mo property income covering a $6,240/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: Eve Caposela • Howard Hanna Rand Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #4000555
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