17 Cumbermeade Rd #301Fort LeeNJ07024
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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 Fort Lee at 17 Cumbermeade Rd #301, Fort Lee, NJ, 07024 listed at $599,000 pairs $5,168/mo rent with a $2,932/mo payment to leave $898/mo cash flow. Total monthly income runs $5,168/mo, and annual cash flow reaches $10,779/yr on $197,071 cash to close. Return on cash invested measures 25.53% in year one, and rental yield registers 10.35% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 134.2% and total cumulative return in cash totals $264,478. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,168/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: Michael N Todaro • Serhant New Jersey Llc
Mls Name: GSMLS
Mls ID: #3978509