28 Ferndale RdNorth CaldwellNJ07006
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
Rental property for sale in North Caldwell at 28 Ferndale Rd, North Caldwell, NJ, 07006 priced at $555,000 converts $5,158/mo rent into $1,203/mo cash flow after a $2,716/mo obligation. Total monthly income equals $5,158/mo, and annual cash flow totals $14,430/yr on $182,595 invested. Return on cash invested prints 27.96% in year one, and rental yield reads 11.15% against a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation compiles into $153,336 by year five. Five-year ROI reaches 147.25% and total cumulative return in cash sums $268,868. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,158/mo property income covering a $2,716/mo payment, not borrower’s personal income.
Single Family
Built in 1920
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saritte Harel • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3991319
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.