291 Bogert Road BLDG 291 #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
Rental property for sale in River Edge at 291 Bogert Road BLDG 291 #2A, River Edge, NJ, 07661 generates $2,836/mo in rent and, after a $1,370/mo payment, leaves $841/mo in cash flow. Total monthly income is $2,836/mo, and annual cash flow is $10,088/yr on $92,820 invested. Return on cash invested sits at 30.78% in year one, and rental yield is 12.15% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 162.35% and total cumulative return in cash sums $150,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,836/mo property income rather than buyer’s personal income.
Condo
Built in 1960
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 Rltrs Rdg
Mls Name: GSMLS
Mls ID: #3984713