28 Woods Edge RdOld TappanNJ07675
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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 Old Tappan at 28 Woods Edge Rd, Old Tappan, NJ, 07675 priced at $719,900 converts $5,400/mo rent into $268/mo cash flow after a $3,524/mo obligation. Total monthly income equals $5,400/mo, and annual cash flow totals $3,219/yr on $236,847 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 9% against a $719,900 entry. Equity gained on principal adds $4,645/yr, while 5% annual appreciation compiles into $198,895 by year five. Five-year ROI reaches 112.16% and total cumulative return in cash sums $265,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,400/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
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Listed by: Christina Kwon • Coldwell Banker, Alpine/Closter
Mls Name: NJMLS
Mls ID: #25038267