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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 238 Drake Ln, Ledgewood, NJ, 07852 at $439,000 posts ROI 24.35% with $539/mo cash flow from $3,668/mo rent. Total monthly income equals $3,668/mo, and annual cash flow records $6,463/yr on $145,529 to close. Return on cash invested measures 24.35% and rental yield reads 10.03% at the current $439,000. Equity gained on principal adds $2,833/yr, and 5% annual appreciation supports $121,288 by year five. Five-year ROI prints 127.89% and total cumulative return in cash totals $186,116.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,668/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1989
10,018 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mary Regina Toner • Opendoor Brokerage Llc
Mls Name: GSMLS
Mls ID: #3987488
