244 Sussex RdWood RidgeNJ07075
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 Wood Ridge at 244 Sussex Rd, Wood Ridge, NJ, 07075 at $575,500 posts ROI 21.81% with $276/mo cash flow from $4,378/mo rent. Total monthly income equals $4,378/mo, and annual cash flow records $3,309/yr on $189,340 to close. Return on cash invested measures 21.81% and rental yield reads 9.13% at the current $575,500. Equity gained on principal adds $3,714/yr, and 5% annual appreciation supports $159,000 by year five. Five-year ROI prints 114.23% and total cumulative return in cash totals $216,288.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,378/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07075, Wood Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,306 (100%) |
| Owner Occupied HU | 3,002 (69.7%) |
| Renter Occupied HU | 1,173 (27.2%) |
| Vacant Housing Units | 131 ( 3.0%) |
| Median Home Value | $603,964 |
| Average Home Value | $627,045 |
Housing Distribution
Address Breakdown
Residential
4,253
Single Family
3,959
Multi-Family
294
Businesses
257
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Nearby investment properties with comparable prices
Listed by: Eileen Livecchi • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929627
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