338 Fairmount RdRidgewoodNJ07450
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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 Ridgewood at 338 Fairmount Rd, Ridgewood, NJ, 07450 with 5% annual appreciation on a $1,100,000 basis while $4,162/mo rent supports operations. 98% in year one. Equity gained on principal adds $7,098/yr, and five-year appreciation sums $303,910 alongside rental yield of 4.54%. Five-year ROI measures 40.06% and total cumulative return in cash totals $142,771. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,162/mo property income versus a $5,384/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: Christine Gubb • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25031559