1508 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
Total monthly income runs $2,915/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 7.01% with $2,915/mo rent. Return on cash invested shows 15.26% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 79.13% and total cumulative return in cash records $130,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,915/mo property income covering a $2,442/mo payment rather than investor’s personal income.
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: Jason Pierce • Prominent Properties Sotheby's International Realty-Tenafly
Mls Name: NJMLS
Mls ID: #25022217