344 The Promenade #344EdgewaterNJ07020
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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 Edgewater at 344 The Promenade #344, Edgewater, NJ, 07020 offers a 7.76% rental yield on a $634,998 purchase with $4,104/mo rent. 64% in year one. Equity gained on principal adds $4,098/yr while 5% annual appreciation supports $175,438 over five years. Portfolio math shows five-year ROI at 91.85% and total cumulative return in cash at $191,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,104/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and 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: KELLY ROBINSON • SIGNATURE REALTY NJ LLC
Mls Name: HCMLS
Mls ID: #260001027