2804 Ridgefield Court UNIT 2804HelmettaNJ08828
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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 2804 Ridgefield Court UNIT 2804, Helmetta, NJ, 08828 earns $208/mo cash flow from $2,976/mo rent with a $1,708/mo payment. Total monthly income totals $2,976/mo, and annual cash flow totals $2,491/yr on $115,694 capital. ROI tracks 22.06% on current figures, and rental yield reads 10.23% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 116.69% and total cumulative return in cash sums $135,000. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,976/mo property income instead of your 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: Anaita Tarapore • EXP Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22507184
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.