2708 Ridgefield Court UNIT 2708HelmettaNJ08828
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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 Helmetta at 2708 Ridgefield Court UNIT 2708, Helmetta, NJ, 08828 uses $112,710 cash to close to unlock $3,164/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $2,968/mo, and a $1,664/mo payment keeps the spread at $264/mo. Purchase price stands at $340,000, and rental yield measures 10.48% with $2,968/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 120.22% and total cumulative return in cash records $135,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,968/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1988
6,098 sqft lot
$N/A/sqft
$281 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08828, Helmetta, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,070 (100%) |
| Owner Occupied HU | 748 (69.9%) |
| Renter Occupied HU | 291 (27.2%) |
| Vacant Housing Units | 31 ( 2.9%) |
| Median Home Value | $405,848 |
| Average Home Value | $421,862 |
Housing Distribution
Address Breakdown
Residential
1,081
Single Family
1,081
Multi-Family
0
Businesses
49
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Listed by: Annmarie Burke • Century 21 Burke Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515788
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.