23 Kennedy LnWood RidgeNJ07075
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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
Investment Highlights
Investment property for sale in Wood Ridge at 23 Kennedy Ln, Wood Ridge, NJ, 07075 earns from $3,521/mo rent with a $3,425/mo payment. Total monthly income totals $3,521/mo. ROI tracks 12.41% on current figures, and rental yield reads 6.04% at a $699,700 purchase. Equity gained on principal adds $4,515/yr, and 5% annual appreciation supports $193,314 over five years. Five-year ROI reaches 63.87% and total cumulative return in cash sums $147,029. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,521/mo property income instead of your personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07075, Wood Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,306 (100%) |
| Owner Occupied HU | 3,002 (69.7%) |
| Renter Occupied HU | 1,173 (27.2%) |
| Vacant Housing Units | 131 ( 3.0%) |
| Median Home Value | $603,964 |
| Average Home Value | $627,045 |
Housing Distribution
Address Breakdown
Residential
4,253
Single Family
3,959
Multi-Family
294
Businesses
257
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Nearby investment properties with comparable prices
Listed by: Mital Kataria • United Real Estate
Mls Name: NJMLS
Mls Provider:
Mls ID: #25002541
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-01-27 23:17:34 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.