205 Summit AveBogotaNJ07603
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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 Bogota at 205 Summit Ave, Bogota, NJ, 07603 offers $4,560/mo rent that, after a $3,845/mo payment. Total monthly income is $4,560/mo. Return on cash invested measures 15.23% in year one, and rental yield stands at 6.97% at a $785,535 entry. Equity gained on principal adds $5,069/yr while 5% annual appreciation compounds into $217,029 by year five. Five-year ROI records 78.99% and total cumulative return in cash reaches $204,134. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,560/mo property income versus a $3,845/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07603, Bogota, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,336 (100%) |
| Owner Occupied HU | 1,843 (55.2%) |
| Renter Occupied HU | 1,387 (41.6%) |
| Vacant Housing Units | 106 ( 3.2%) |
| Median Home Value | $483,791 |
| Average Home Value | $492,416 |
Housing Distribution
Address Breakdown
Residential
3,217
Single Family
2,652
Multi-Family
565
Businesses
232
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Listed by: Raymond Castro • Realty One Group Portfolio
Mls Name: NJMLS
Mls ID: #25019197