172 Ackerman AveRidgewoodNJ07450
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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 172 Ackerman Ave, Ridgewood, NJ, 07450 earns from $4,486/mo rent with a $5,869/mo payment. Total monthly income totals $4,486/mo. ROI tracks 7.83% on current figures, and rental yield reads 4.49% at a $1,199,000 purchase. Equity gained on principal adds $7,737/yr, and 5% annual appreciation supports $331,262 over five years. Five-year ROI reaches 39.22% and total cumulative return in cash sums $152,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,486/mo property income instead of your personal income.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: Diane B. Mccabe • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3977316