265 Main St APT 702Ridgefield 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 702, Ridgefield Park, NJ, 07660 offers a 9.48% rental yield on a $110,000 purchase with $869/mo rent. Total monthly income registers $869/mo, and a $538/mo payment leaves $85/mo available for distribution. Annual cash flow reaches $1,024/yr on $36,465 to close, and return on cash invested stands at 22.72% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 119.19% and total cumulative return in cash at $43,464. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $869/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Ira Goodman • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #26001586