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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Ledgewood at 234 Drake Ln UNIT 234, Ledgewood, NJ, 07852 listed at $399,000 pairs $0/mo rent with a $1,953/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -8.68% in year one, and rental yield registers 0% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
8,276 sqft lot
$N/A/sqft
$307 monthly HOA
Neighborhood data shown for ZIP Code: 07852, Ledgewood, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,565 (100%) |
| Owner Occupied HU | 1,236 (79.0%) |
| Renter Occupied HU | 286 (18.3%) |
| Vacant Housing Units | 43 ( 2.7%) |
| Median Home Value | $499,682 |
| Average Home Value | $518,746 |
Residential
1,747
Single Family
1,747
Multi-Family
0
Businesses
260
Date | Event | Price |
|---|---|---|
| 2025-01-23 | Listed for sale | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Maureen Falconer-taylor • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942640
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