295 Bogert Rd Unit 1B #1BRiver 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 295 Bogert Rd Unit 1B #1B, River Edge, NJ, 07661 offers a 15.65% rental yield on a $245,000 purchase with $3,196/mo rent. Total monthly income registers $3,196/mo, and a $1,199/mo payment leaves $1,450/mo available for distribution. Annual cash flow reaches $17,398/yr on $81,218 to close, and return on cash invested stands at 41.33% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 218.94% and total cumulative return in cash at $177,816. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,196/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, 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: Lauren A. Parrella • Realty Executives First Class
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970298
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