243 RIDGEDALE AVENUEFlorham ParkNJ07932
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Florham Park at 243 RIDGEDALE AVENUE, Florham Park, NJ, 07932 earns $369/mo cash flow from $5,066/mo rent with a $3,225/mo payment. Total monthly income totals $5,066/mo, and annual cash flow totals $4,431/yr on $216,811 capital. ROI tracks 22.1% on current figures, and rental yield reads 9.22% at a $659,000 purchase. Equity gained on principal adds $4,252/yr, and 5% annual appreciation supports $182,070 over five years. Five-year ROI reaches 115.83% and total cumulative return in cash sums $251,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,066/mo property income instead of your personal income.
Single Family
Built in 1935
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
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Listed by: Karin Sainato • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3985961