222 Ridge RdRutherfordNJ07070
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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 Rutherford at 222 Ridge Rd, Rutherford, NJ, 07070 priced at $1,599,000 converts $5,160/mo rent into after a $7,826/mo obligation. Total monthly income equals $5,160/mo. Return on cash invested prints 5.92% in year one, and rental yield reads 3.87% against a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation compiles into $441,774 by year five. Five-year ROI reaches 29% and total cumulative return in cash sums $150,253. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,160/mo property income covering a $7,826/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07070, Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,355 (100%) |
| Owner Occupied HU | 4,674 (63.5%) |
| Renter Occupied HU | 2,401 (32.6%) |
| Vacant Housing Units | 280 ( 3.8%) |
| Median Home Value | $649,637 |
| Average Home Value | $671,912 |
Housing Distribution
Address Breakdown
Residential
7,130
Single Family
6,071
Multi-Family
1,059
Businesses
693
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Listed by: Carol Calamari • The Agency Rutherford Realty Inc.
Mls Name: NJMLS
Mls ID: #25040594