224 E Washington StRiversideNJ08075
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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 Riverside at 224 E Washington St, Riverside, NJ, 08075 priced at $400,000 converts $3,625/mo rent into $774/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,625/mo, and annual cash flow totals $9,284/yr on $132,600 invested. Return on cash invested prints 26.91% in year one, and rental yield reads 10.88% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 141.62% and total cumulative return in cash sums $187,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,625/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1915
9,945 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08075, Riverside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,515 (100%) |
| Owner Occupied HU | 8,314 (66.4%) |
| Renter Occupied HU | 3,688 (29.5%) |
| Vacant Housing Units | 513 ( 4.1%) |
| Median Home Value | $342,696 |
| Average Home Value | $379,444 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
12,079
Multi-Family
181
Businesses
701
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Listed by: Jean Andrade-Mendoza • Keller Williams Premier
Mls Name: Bright MLS
Mls ID: #NJBL2088774