31 Drake Ln #31LedgewoodNJ07852
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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 Ledgewood at 31 Drake Ln #31, Ledgewood, NJ, 07852 generates $3,296/mo in rent and, after a $1,957/mo payment, leaves $446/mo in cash flow. Total monthly income is $3,296/mo, and annual cash flow is $5,351/yr on $132,567 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 9.89% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 125.7% and total cumulative return in cash sums $166,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,296/mo property income rather than buyer’s personal income.
Condo
Built in 1989
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07852, Ledgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,565 (100%) |
| Owner Occupied HU | 1,236 (79.0%) |
| Renter Occupied HU | 286 (18.3%) |
| Vacant Housing Units | 43 ( 2.7%) |
| Median Home Value | $499,682 |
| Average Home Value | $518,746 |
Housing Distribution
Address Breakdown
Residential
1,747
Single Family
1,747
Multi-Family
0
Businesses
260
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Listed by: Olga Tsiavos • Re/Max Select
Mls Name: GSMLS
Mls ID: #3993833