321 Edgewood AveAudubonNJ08106
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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 Audubon at 321 Edgewood Ave, Audubon, NJ, 08106 priced at $449,000 converts $3,156/mo rent into after a $2,198/mo obligation. Total monthly income equals $3,156/mo. Return on cash invested prints 19.55% in year one, and rental yield reads 8.43% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 102.16% and total cumulative return in cash sums $152,056. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,156/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1963
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08106, Audubon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,277 (100%) |
| Owner Occupied HU | 2,849 (66.6%) |
| Renter Occupied HU | 1,275 (29.8%) |
| Vacant Housing Units | 153 ( 3.6%) |
| Median Home Value | $349,662 |
| Average Home Value | $383,121 |
Housing Distribution
Address Breakdown
Residential
4,224
Single Family
3,914
Multi-Family
310
Businesses
296
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Listed by: Lisa Chick • AM Realty Advisors LLC
Mls Name: Bright MLS
Mls ID: #NJCD2103786