16 Newark Pompton TpkeRiverdaleNJ07457
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Nearby investment properties with comparable prices
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 Riverdale at 16 Newark Pompton Tpke, Riverdale, NJ, 07457 priced at $449,900 pairs $4,001/mo rent with $794/mo cash flow after a $2,202/mo payment. Total monthly income equals $4,001/mo, and annual cash flow comes to $9,531/yr on $149,142 invested. Return on cash invested is 26.3% in year one, and rental yield stands at 10.67% on a $449,900 basis. Equity gained on principal adds $2,903/yr, and 5% annual appreciation accumulates to $124,299 by year five. Five-year ROI measures 138.36% and total cumulative return in cash reaches $206,350. For financing, Ziffy Mortgage’s DSCR program evaluates $4,001/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07457, Riverdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,402 (69.8%) |
| Renter Occupied HU | 542 (27.0%) |
| Vacant Housing Units | 65 ( 3.2%) |
| Median Home Value | $479,322 |
| Average Home Value | $583,347 |
Housing Distribution
Address Breakdown
Residential
1,989
Single Family
1,221
Multi-Family
768
Businesses
249
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Listed by: Diane Blackman • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3958987
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