291 Bogert Rd APT 2ARiver 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 291 Bogert Rd APT 2A, River Edge, NJ, 07661 listed at $280,000 pairs $2,836/mo rent with a $1,370/mo payment to leave $841/mo cash flow. Total monthly income runs $2,836/mo, and annual cash flow reaches $10,088/yr on $92,820 cash to close. Return on cash invested measures 30.78% in year one, and rental yield registers 12.15% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 162.35% and total cumulative return in cash totals $150,693. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,836/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
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: Debra Ross • Weichert Realtors, Ridgewood
Mls Name: NJMLS
Mls ID: #25031333