3 Redmans DrOak RidgeNJ07438
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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 Oak Ridge at 3 Redmans Dr, Oak Ridge, NJ, 07438 listed at $339,900 pairs $1,961/mo rent with a $1,664/mo payment. Total monthly income runs $1,961/mo. Return on cash invested measures 14.99% in year one, and rental yield registers 6.92% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 77.68% and total cumulative return in cash totals $87,527. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,961/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Listed by: Darcie Hunter • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #4008177