232 Doremus AveRidgewoodNJ07450
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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
Investment property for sale in Ridgewood at 232 Doremus Ave, Ridgewood, NJ, 07450 at $1,100,000 posts ROI 14.48% with from $6,090/mo rent. Total monthly income equals $6,090/mo. Return on cash invested measures 14.48% and rental yield reads 6.64% at the current $1,100,000. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 by year five. Five-year ROI prints 74.87% and total cumulative return in cash totals $266,839. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,090/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: Christine Gubb • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25035272