190 Knickerbocker Rd #17EnglewoodNJ07631
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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 Englewood at 190 Knickerbocker Rd #17, Englewood, NJ, 07631 generates $1,515/mo in rent and, after a $930/mo payment, leaves $161/mo in cash flow. Total monthly income is $1,515/mo, and annual cash flow is $1,928/yr on $62,985 invested. Return on cash invested sits at 22.97% in year one, and rental yield is 9.57% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 120.51% and total cumulative return in cash sums $75,900. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,515/mo property income rather than buyer’s personal income.
Condo
Built in N/A
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07631, Englewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,094 (100%) |
| Owner Occupied HU | 5,837 (48.3%) |
| Renter Occupied HU | 5,566 (46.0%) |
| Vacant Housing Units | 691 ( 5.7%) |
| Median Home Value | $614,057 |
| Average Home Value | $827,058 |
Housing Distribution
Address Breakdown
Residential
11,142
Single Family
8,695
Multi-Family
2,447
Businesses
1,492
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Listed by: Roselys Ramirez • Nicholas Real Estate Agency
Mls Name: GSMLS
Mls ID: #3997307