284 Continental AveRiver EdgeNJ07661
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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 River Edge at 284 Continental Ave, River Edge, NJ, 07661 at $779,000 posts ROI 24.4% with $927/mo cash flow from $6,480/mo rent. Total monthly income equals $6,480/mo, and annual cash flow records $11,127/yr on $256,291 to close. Return on cash invested measures 24.4% and rental yield reads 9.98% at the current $779,000. Equity gained on principal adds $5,027/yr, and 5% annual appreciation supports $215,223 by year five. Five-year ROI prints 128.15% and total cumulative return in cash totals $328,442.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,480/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07661, River Edge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 3,066 (72.2%) |
| Renter Occupied HU | 1,056 (24.9%) |
| Vacant Housing Units | 123 ( 2.9%) |
| Median Home Value | $674,578 |
| Average Home Value | $722,772 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
3,871
Multi-Family
408
Businesses
328
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Listed by: Sushmaa Kothari • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25038729