255 Bogert Rd APT 2ARiver EdgeNJ07661
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 River Edge at 255 Bogert Rd APT 2A, River Edge, NJ, 07661 uses $115,694 cash to close to unlock $4,183/yr annual cash flow and $349/mo monthly cash flow. Total monthly income runs $2,836/mo, and a $1,708/mo payment keeps the spread at $349/mo. Purchase price stands at $349,000, and rental yield measures 9.75% with $2,836/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 123.46% and total cumulative return in cash records $142,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,836/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07661, River Edge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 3,066 (72.2%) |
| Renter Occupied HU | 1,056 (24.9%) |
| Vacant Housing Units | 123 ( 2.9%) |
| Median Home Value | $674,578 |
| Average Home Value | $722,772 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
3,871
Multi-Family
408
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Iacobelli 3rd • Realty Executives Exceptional Realtors-Wayne
Mls Name: NJMLS
Mls ID: #26001697