37 Garnet DrOak RidgeNJ07438
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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 Oak Ridge at 37 Garnet Dr, Oak Ridge, NJ, 07438 at $299,000 posts ROI 19.09% with from $2,063/mo rent. Total monthly income equals $2,063/mo. Return on cash invested measures 19.09% and rental yield reads 8.28% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 99.7% and total cumulative return in cash totals $98,818. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,063/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Listed by: Jason Kunzman • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3994837