16 Arnold Dr #5308Wood RidgeNJ07075
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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 Wood Ridge at 16 Arnold Dr #5308, Wood Ridge, NJ, 07075 generates $3,521/mo in rent, after a $3,321/mo payment. Total monthly income is $3,521/mo. Return on cash invested sits at 12.99% in year one, and rental yield is 6.23% on a $678,500 entry. Equity gained on principal adds $4,378/yr, while 5% annual appreciation builds toward $187,457 over five years. Five-year ROI reaches 66.94% and total cumulative return in cash sums $149,434. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,521/mo property income rather than buyer’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07075, Wood Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,306 (100%) |
| Owner Occupied HU | 3,002 (69.7%) |
| Renter Occupied HU | 1,173 (27.2%) |
| Vacant Housing Units | 131 ( 3.0%) |
| Median Home Value | $603,964 |
| Average Home Value | $627,045 |
Housing Distribution
Address Breakdown
Residential
4,253
Single Family
3,959
Multi-Family
294
Businesses
257
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Listed by: Mital Kataria • United Real Estate
Mls Name: NJMLS
Mls ID: #25037712