205 Ridge RdMontagueNJ07827
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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 Montague at 205 Ridge Rd, Montague, NJ, 07827 uses $99,119 cash to close to unlock $3,567/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $1,463/mo payment keeps the spread at $297/mo. Purchase price stands at $299,000, and rental yield measures 9.74% with $2,428/mo rent. Return on cash invested shows 23.51% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 123.4% and total cumulative return in cash records $122,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1963
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07827, Montague, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,390 (67.4%) |
| Renter Occupied HU | 390 (18.9%) |
| Vacant Housing Units | 281 (13.6%) |
| Median Home Value | $354,938 |
| Average Home Value | $401,496 |
Housing Distribution
Address Breakdown
Residential
1,216
Single Family
1,216
Multi-Family
0
Businesses
90
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Listed by: Kelsey Kistle • Kistle Realty, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3939348
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