198 Drake LaneLedgewoodNJ07852
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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 Ledgewood at 198 Drake Lane, Ledgewood, NJ, 07852 priced at $435,000 pairs $3,499/mo rent with $399/mo cash flow after a $2,129/mo payment. Total monthly income equals $3,499/mo, and annual cash flow comes to $4,782/yr on $144,203 invested. Return on cash invested is 23.23% in year one, and rental yield stands at 9.65% on a $435,000 basis. Equity gained on principal adds $2,807/yr, and 5% annual appreciation accumulates to $120,182 by year five. Five-year ROI measures 121.85% and total cumulative return in cash reaches $175,716. For financing, Ziffy Mortgage’s DSCR program evaluates $3,499/mo property income against a $2,129/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07852, Ledgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,565 (100%) |
| Owner Occupied HU | 1,236 (79.0%) |
| Renter Occupied HU | 286 (18.3%) |
| Vacant Housing Units | 43 ( 2.7%) |
| Median Home Value | $499,682 |
| Average Home Value | $518,746 |
Housing Distribution
Address Breakdown
Residential
1,747
Single Family
1,747
Multi-Family
0
Businesses
260
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Listed by: Lisa M Shaw • Re/Max House Values
Mls Name: GSMLS
Mls ID: #3999249