16 Eugene DrSaddle RiverNJ07458
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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 Saddle River at 16 Eugene Dr, Saddle River, NJ, 07458 priced at $1,999,000 converts $6,680/mo rent into after a $9,784/mo obligation. Total monthly income equals $6,680/mo. Return on cash invested prints 6.35% in year one, and rental yield reads 4.01% against a $1,999,000 entry. Equity gained on principal adds $12,899/yr, while 5% annual appreciation compiles into $552,287 by year five. Five-year ROI reaches 31.28% and total cumulative return in cash sums $202,577. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,680/mo property income covering a $9,784/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07458, Saddle River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,439 (100%) |
| Owner Occupied HU | 3,693 (83.2%) |
| Renter Occupied HU | 409 ( 9.2%) |
| Vacant Housing Units | 337 ( 7.6%) |
| Median Home Value | $1,265,134 |
| Average Home Value | $1,367,960 |
Housing Distribution
Address Breakdown
Residential
4,458
Single Family
4,367
Multi-Family
91
Businesses
419
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Listed by: Kristin Gildea Fox • Christie's International Real Estate Group-HoHoKus-Ridgewood East
Mls Name: NJMLS
Mls ID: #25031567