337 The PromenadeEdgewaterNJ07020
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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 337 The Promenade, Edgewater, NJ, 07020 priced at $642,000 pairs $4,658/mo rent with $82/mo cash flow after a $3,142/mo payment. Total monthly income equals $4,658/mo, and annual cash flow comes to $986/yr on $211,218 invested. Return on cash invested is 20.53% in year one, and rental yield stands at 8.71% on a $642,000 basis. Equity gained on principal adds $4,143/yr, and 5% annual appreciation accumulates to $177,373 by year five. Five-year ROI measures 107.38% and total cumulative return in cash reaches $226,798. For financing, Ziffy Mortgage’s DSCR program evaluates $4,658/mo property income against a $3,142/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
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: Hyunju Lee • Prominent Properties Sotheby's International Realty-Englewood Cliffs
Mls Name: NJMLS
Mls ID: #25029763