3 Drury LnFort LeeNJ07024
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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 Fort Lee at 3 Drury Ln, Fort Lee, NJ, 07024 priced at $979,100 converts $5,804/mo rent into after a $4,792/mo obligation. Total monthly income equals $5,804/mo. Return on cash invested prints 15.68% in year one, and rental yield reads 7.11% against a $979,100 entry. Equity gained on principal adds $6,318/yr, while 5% annual appreciation compiles into $270,507 by year five. Five-year ROI reaches 81.4% and total cumulative return in cash sums $262,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,804/mo property income covering a $4,792/mo payment, not borrower’s personal income.
Single Family
Built in 1900
141 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: N/A • N/A
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