173 Park AvePark RidgeNJ07656
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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
Rental property for sale in Park Ridge at 173 Park Ave, Park Ridge, NJ, 07656 generates $5,040/mo in rent and, after a $2,838/mo payment, leaves $907/mo in cash flow. Total monthly income is $5,040/mo, and annual cash flow is $10,883/yr on $190,787 invested. Return on cash invested sits at 25.76% in year one, and rental yield is 10.43% on a $579,900 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 135.44% and total cumulative return in cash sums $258,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,040/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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Listed by: Patrick Sanzari, Jr. • Tudor Realty Inc.
Mls Name: NJMLS
Mls ID: #25022425