29 RIDGEVIEW LANE #29Mount ArlingtonNJ07856
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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 Mount Arlington at 29 RIDGEVIEW LANE #29, Mount Arlington, NJ, 07856 offers a 0% rental yield on a $478,888 purchase with $0/mo rent. 89% in year one. Equity gained on principal adds $3,090/yr while 5% annual appreciation supports $132,308 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07856, Mount Arlington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,476 (100%) |
| Owner Occupied HU | 1,574 (63.6%) |
| Renter Occupied HU | 673 (27.2%) |
| Vacant Housing Units | 229 ( 9.2%) |
| Median Home Value | $465,155 |
| Average Home Value | $571,722 |
Housing Distribution
Address Breakdown
Residential
2,526
Single Family
2,048
Multi-Family
478
Businesses
130
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Listed by: Nanette Vignapiano • Re/Max House Values
Mls Name: GSMLS
Mls ID: #3995708