2185 Lemoine AveFort LeeNJ07024
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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 Fort Lee at 2185 Lemoine Ave, Fort Lee, NJ, 07024 uses $80,919 cash to close to unlock $21,598/yr annual cash flow and $1,800/mo monthly cash flow. Total monthly income runs $3,540/mo, and a $1,195/mo payment keeps the spread at $1,800/mo. Purchase price stands at $244,100, and rental yield measures 17.4% with $3,540/mo rent. Return on cash invested shows 46.6% in year one, and 5% annual appreciation builds toward $67,440 over five years. Five-year ROI reaches 247.2% and total cumulative return in cash records $200,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,540/mo property income covering a $1,195/mo payment rather than investor’s personal income.
Condo
Built in 1962
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
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Listed by: N/A • N/A
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