2163 Ellery AveFort LeeNJ07024
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 2163 Ellery Ave, Fort Lee, NJ, 07024 in Fort Lee, $470,000, 9.04% gross yield, $190/mo net income. Consider it a market-entry position, the $3,540/mo rent covers the $2,113/mo payment with a margin, and 5%/yr appreciation is projected to add $129,852 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.68) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $192,412.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $190 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,540 |
| Total Monthly Debt Service | $3,163 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Kao • Realty International Inc.
Mls Name: NJMLS
Mls ID: #25022540