23 Valley PlEdgewaterNJ07020
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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 Edgewater at 23 Valley Pl, Edgewater, NJ, 07020 at $1,149,999 posts ROI 24.5% with $1,283/mo cash flow from $9,480/mo rent. Total monthly income equals $9,480/mo, and annual cash flow records $15,392/yr on $372,600 to close. Return on cash invested measures 24.5% and rental yield reads 9.89% at the current $1,149,999. Equity gained on principal adds $7,421/yr, and 5% annual appreciation supports $317,724 by year five. Five-year ROI prints 128.63% and total cumulative return in cash totals $479,277.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $9,480/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
2,178 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Price change | $1,149,999 |
| 2024-09-18 | Listed for sale | $1,199,999 |
| 2024-06-20 | Sold | $850,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $10739.83 | 3.05% | $672,500 | 4.02% |
| 2022-10-16 | $10421.58 | -0.59% | $646,500 | 38.94% |
| 2021-10-16 | $10483.21 | 18.83% | $465,300 | N/A |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MultiFamily
- Year Built: N/A
- Architectural Style: N/A
- Building Area: 39,996
- Living Area: 39,996 sqft
- Property Condition: N/A
Features & Amenities
- Heating: 3 Units, Natural Gas
- Cooling: 3 Units
- Flooring: N/A
- Interior Features: Bedrooms, Dining Room, Eat-in Kitchen, Living Room, Rec Room, Sunroom, Eat-In Kitchen, Family Room
- Exterior Features: N/A
- Parking Features: On Street, See Remarks
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jonathan Lai • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3924635
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.