215 White AveOld TappanNJ07675
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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 Old Tappan at 215 White Ave, Old Tappan, NJ, 07675 priced at $1,439,000 pairs $6,300/mo rent with after a $7,043/mo payment. Total monthly income equals $6,300/mo. Return on cash invested is 10.19% in year one, and rental yield stands at 5.25% on a $1,439,000 basis. Equity gained on principal adds $9,286/yr, and 5% annual appreciation accumulates to $397,569 by year five. Five-year ROI measures 51.87% and total cumulative return in cash reaches $241,824. For financing, Ziffy Mortgage’s DSCR program evaluates $6,300/mo property income against a $7,043/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
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Listed by: Doreen Darquea • Coldwell Banker, Allendale/Saddle River Valley
Mls Name: NJMLS
Mls ID: #25041714