28 Pine DrPark RidgeNJ07656
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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
Rental property for sale in Park Ridge at 28 Pine Dr, Park Ridge, NJ, 07656 priced at $789,900 converts $5,040/mo rent into after a $3,866/mo obligation. Total monthly income equals $5,040/mo. Return on cash invested prints 17.34% in year one, and rental yield reads 7.66% against a $789,900 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation compiles into $218,235 by year five. Five-year ROI reaches 90.24% and total cumulative return in cash sums $234,521. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,040/mo property income covering a $3,866/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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Listed by: Lynne Wexler • Terrie O'Connor Realtors-Main St.
Mls Name: NJMLS
Mls Provider:
Mls ID: #25010409
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-04-03 07:22:29 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.