205 Bergen TurnpikeRidgefield ParkNJ07660
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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 Ridgefield Park at 205 Bergen Turnpike, Ridgefield Park, NJ, 07660 priced at $159,999 pairs $3,120/mo rent with $852/mo cash flow after a $783/mo payment. Total monthly income equals $3,120/mo, and annual cash flow comes to $10,220/yr on $53,040 invested. Return on cash invested is 39.18% in year one, and rental yield stands at 23.4% on a $159,999 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 216.66% and total cumulative return in cash reaches $114,913. For financing, Ziffy Mortgage’s DSCR program evaluates $3,120/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1970
2.21 Acres lot
$N/A/sqft
$1,128 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07660, Ridgefield Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,348 (100%) |
| Owner Occupied HU | 2,853 (53.3%) |
| Renter Occupied HU | 2,206 (41.2%) |
| Vacant Housing Units | 289 ( 5.4%) |
| Median Home Value | $535,039 |
| Average Home Value | $538,346 |
Housing Distribution
Address Breakdown
Residential
4,776
Single Family
4,458
Multi-Family
318
Businesses
424
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Listed by: Nicholas Tanzola • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3922323
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.