1624 Jefferson Ave #2ARidgewoodNY11385
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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 Ridgewood at 1624 Jefferson Ave #2A, Ridgewood, NY, 11385 offers a 5.72% rental yield on a $975,000 purchase with $4,644/mo rent. 08% in year one. Equity gained on principal adds $6,292/yr while 5% annual appreciation supports $269,375 over five years. Portfolio math shows five-year ROI at 66.83% and total cumulative return in cash at $214,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,644/mo property income against a $4,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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