15 River Rd. (AKA Larry Rd)Oak RidgeNJ07438
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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 Oak Ridge at 15 River Rd. (AKA Larry Rd), Oak Ridge, NJ, 07438 listed at $264,950 pairs $3,050/mo rent with a $1,297/mo payment to leave $1,161/mo cash flow. Total monthly income runs $3,050/mo, and annual cash flow reaches $13,935/yr on $87,831 cash to close. Return on cash invested measures 35.78% in year one, and rental yield registers 13.81% at a $264,950 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,201 by year five. Five-year ROI tracks 189.2% and total cumulative return in cash totals $166,176. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,050/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Listed by: Anthony Nelson • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3974909