24 Rolling Ridge Rd APT AMontvaleNJ07645
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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 Montvale at 24 Rolling Ridge Rd APT A, Montvale, NJ, 07645 offers $2,959/mo rent that, after a $1,517/mo payment, leaves $750/mo cash flow. Total monthly income is $2,959/mo, and annual cash flow is $8,996/yr on $102,765 cash. Return on cash invested measures 28.66% in year one, and rental yield stands at 11.45% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 151.04% and total cumulative return in cash reaches $155,215. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,959/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07645, Montvale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,621 (74.2%) |
| Renter Occupied HU | 801 (22.7%) |
| Vacant Housing Units | 111 ( 3.1%) |
| Median Home Value | $749,662 |
| Average Home Value | $804,210 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,611
Multi-Family
196
Businesses
532
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Listed by: Dominic Branca Jr. • Apartments & Homes of NJ
Mls Name: NJMLS
Mls ID: #25030862