2000 Linwood Ave #9WFort LeeNJ07024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Fort Lee at 2000 Linwood Ave #9W, Fort Lee, NJ, 07024 uses $164,093 cash to close to unlock $9,450/yr annual cash flow and $788/mo monthly cash flow. Total monthly income runs $4,316/mo, and a $2,423/mo payment keeps the spread at $788/mo. Purchase price stands at $495,000, and rental yield measures 10.46% with $4,316/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 134.96% and total cumulative return in cash records $221,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,316/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Condo
Built in 1967
5.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lodi Tannios • Trinity Realty
Mls Name: GSMLS
Mls ID: #3998607