265 Main St APT 206Ridgefield ParkNJ07660
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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
Investment property for sale in Ridgefield Park at 265 Main St APT 206, Ridgefield Park, NJ, 07660 uses $48,068 cash to close to unlock $734/yr annual cash flow and $61/mo monthly cash flow. Total monthly income runs $1,095/mo, and a $710/mo payment keeps the spread at $61/mo. Purchase price stands at $145,000, and rental yield measures 9.06% with $1,095/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 112.36% and total cumulative return in cash records $54,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,095/mo property income covering a $710/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: 07660, Ridgefield Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,348 (100%) |
| Owner Occupied HU | 2,853 (53.3%) |
| Renter Occupied HU | 2,206 (41.2%) |
| Vacant Housing Units | 289 ( 5.4%) |
| Median Home Value | $535,039 |
| Average Home Value | $538,346 |
Housing Distribution
Address Breakdown
Residential
4,776
Single Family
4,458
Multi-Family
318
Businesses
424
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Listed by: Joseph Kapon • RE/MAX Properties Select
Mls Name: NJMLS
Mls ID: #25031765