2 Ryerson AveRiverdaleNJ07457
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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 Riverdale at 2 Ryerson Ave, Riverdale, NJ, 07457 priced at $549,900 converts $3,480/mo rent into after a $2,691/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 17.15% in year one, and rental yield reads 7.59% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 89.23% and total cumulative return in cash sums $161,438. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1926
4,791 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07457, Riverdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,402 (69.8%) |
| Renter Occupied HU | 542 (27.0%) |
| Vacant Housing Units | 65 ( 3.2%) |
| Median Home Value | $479,322 |
| Average Home Value | $583,347 |
Housing Distribution
Address Breakdown
Residential
1,989
Single Family
1,221
Multi-Family
768
Businesses
249
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $549,900 |
| 2023-01-03 | Sold | $250,000 |
| 2022-11-14 | Pending sale | $275,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $5204.10 | 8.59% | $285,000 | 3.15% |
| 2023-05-29 | $4792.48 | 3.37% | $276,300 | 5.74% |
| 2022-05-29 | $4636.31 | 1.97% | $261,300 | 2.03% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1926
- Architectural Style: Colonial
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- Flooring: Wood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 2 Car Width
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Natural Gas Connected
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Artur Tyszka • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965706
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