165 Ridgedale Ave UNIT 3Florham ParkNJ07932
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 165 Ridgedale Ave UNIT 3, Florham Park, NJ, 07932 in Florham Park achieves 1.55, rent of $6,448/mo covers the $4,159/mo payment 1.5x over at $925,000. Rental yield 8.36%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $255,560 over five years, with $8,519/yr in principal reduction bringing total projected return to $317,330.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $(611) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $6,448 |
| Total Monthly Debt Service | $6,690 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2021
N/A lot
$N/A/sqft
$465 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
Nearby investment properties with comparable rents
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
Townhouse
Built in 2021
N/A lot
$N/A/sqft
$465 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices