2008 Ridgeview Ct, Parlin, NJ, 08859 | 7.38% Rental Yield

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2008 Ridgeview Ct, Parlin, NJ, 08859 | 7.38% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Parlin at 2008 Ridgeview Ct, Parlin, NJ, 08859 earns from $2,767/mo rent with a $2,203/mo payment. Total monthly income totals $2,767/mo. ROI tracks 16.36% on current figures, and rental yield reads 7.38% 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 85.04% and total cumulative return in cash sums $126,858. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,767/mo property income instead of your personal income.

Townhouse

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this beautiful 3-bedroom, 2.5-bathroom townhome in the highly sought-after La Mer community. Perfect for commuters commuting into the city! Step into a welcoming entryway with a spacious coat closet that leads into an open-concept living and dining area, featuring stunning Wood flooring throughout. The updated kitchen offers ample cabinetry, a stylish glass tile backsplash, and stainless steel appliances. It opens directly to a private deck overlooking the serene courtyardperfect for relaxing or entertaining. A conveniently located laundry room sits just off the kitchen, and a luxurious half bath completes the main floor. Upstairs, you'll find three generous bedrooms, including a grand master suite with vaulted ceilings, a master closet, and a private full bathroom. An additional updated full bathroom serves the remaining bedrooms. Additional features include recessed lighting & fixtures. Residents of La Mer enjoy outstanding community amenities, including swimming pools, playgrounds, tennis courts, basketball courts, and easy access to commuting routesoffering comfort, convenience, and an unbeatable lifestyle.

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