25 Russell AveEdgewaterNJ07020
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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 Edgewater at 25 Russell Ave, Edgewater, NJ, 07020 priced at $1,749,999 converts $9,480/mo rent into after a $8,565/mo obligation. Total monthly income equals $9,480/mo. Return on cash invested prints 14.03% in year one, and rental yield reads 6.5% against a $1,749,999 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation compiles into $483,492 by year five. Five-year ROI reaches 72.5% and total cumulative return in cash sums $411,093. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,480/mo property income covering a $8,565/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-02 | Listed for sale | $1,749,999 |
| 2025-01-02 | Listing removed | $1,999,999 |
| 2024-10-09 | Price change | $1,999,999 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $11421.73 | 9.27% | $718,800 | 9.82% |
| 2023-02-18 | $10452.37 | 2.08% | $654,500 | 3.04% |
| 2022-02-18 | $10239.42 | -8.87% | $635,200 | 27.37% |
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: N/A
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: See Remarks, Electricity Connected, Natural Gas Connected, Sep Heat
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: John Freitag III • Keller Williams City Views Realty
Mls Name: NJMLS
Mls Provider:
Mls ID: #25000118
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-02-18 14:08:38 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.