2008 Ridgeview CtParlinNJ08859
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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
Investment property for sale in Parlin at 2008 Ridgeview Ct, Parlin, NJ, 08859 earns from $3,146/mo rent with a $2,203/mo payment. Total monthly income totals $3,146/mo. ROI tracks 19.41% on current figures, and rental yield reads 8.39% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 101.39% and total cumulative return in cash sums $151,242. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,146/mo property income instead of your personal income.
Townhouse
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: DAVID A. GIRON • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2607617R