331 Undercliff AveEdgewaterNJ07020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Edgewater at 331 Undercliff Ave, Edgewater, NJ, 07020 offers $4,620/mo rent that, after a $4,992/mo payment. Total monthly income is $4,620/mo. Return on cash invested measures 10.75% in year one, and rental yield stands at 5.44% at a $1,020,000 entry. Equity gained on principal adds $6,582/yr while 5% annual appreciation compounds into $281,807 by year five. Five-year ROI records 54.87% and total cumulative return in cash reaches $181,339. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,620/mo property income versus a $4,992/mo payment rather than borrower’s personal income verification through 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: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
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Listed by: Doojin Yoon • Christie's International Real Estate Group-Fort Lee
Mls Name: NJMLS
Mls ID: #26001561