18 Massa Ln APT C8EdgewaterNJ07020
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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 Edgewater at 18 Massa Ln APT C8, Edgewater, NJ, 07020 priced at $285,000 pairs $2,038/mo rent with $7/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,038/mo, and annual cash flow comes to $78/yr on $94,478 invested. Return on cash invested is 19.99% in year one, and rental yield stands at 8.58% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 104.54% and total cumulative return in cash reaches $98,766. For financing, Ziffy Mortgage’s DSCR program evaluates $2,038/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
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Listed by: Peter Szwed • Christie's International Real Estate Group-Franklin Lakes
Mls Name: NJMLS
Mls ID: #25029910