2301 City PlEdgewaterNJ07020
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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 Edgewater at 2301 City Pl, Edgewater, NJ, 07020 offers $4,450/mo rent that, after a $2,966/mo payment, leaves $131/mo cash flow. Total monthly income is $4,450/mo, and annual cash flow is $1,567/yr on $199,374 cash. Return on cash invested measures 20.85% in year one, and rental yield stands at 8.81% at a $606,000 entry. Equity gained on principal adds $3,910/yr while 5% annual appreciation compounds into $167,427 by year five. Five-year ROI records 109.08% and total cumulative return in cash reaches $217,475. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,450/mo property income versus a $2,966/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in 2000
0.45 Acres lot
$N/A/sqft
No HOA
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
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Listed by: N/A • N/A
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