2227 Riverview Ave #227EnglewoodNJ07631
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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
Total monthly income runs $2,812/mo, and a $2,080/mo payment. Purchase price stands at $424,995, and rental yield measures 7.94% with $2,812/mo rent. Return on cash invested shows 18.06% in year one, and 5% annual appreciation builds toward $117,418 over five years. Five-year ROI reaches 94.15% and total cumulative return in cash records $132,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,812/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07631, Englewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,094 (100%) |
| Owner Occupied HU | 5,837 (48.3%) |
| Renter Occupied HU | 5,566 (46.0%) |
| Vacant Housing Units | 691 ( 5.7%) |
| Median Home Value | $614,057 |
| Average Home Value | $827,058 |
Housing Distribution
Address Breakdown
Residential
11,142
Single Family
8,695
Multi-Family
2,447
Businesses
1,492
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Listed by: Taylor Lucyk • Christie's International Real Estate Group-Paramus
Mls Name: NJMLS
Mls ID: #25026853