37 Hawthorne AvePark RidgeNJ07656
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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 Park Ridge at 37 Hawthorne Ave, Park Ridge, NJ, 07656 offers a 10.16% rental yield on a $595,000 purchase with $5,040/mo rent. Total monthly income registers $5,040/mo, and a $2,912/mo payment leaves $799/mo available for distribution. Annual cash flow reaches $9,590/yr on $195,755 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 131.15% and total cumulative return in cash at $256,730. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,040/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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Listed by: Catherine Warnet • Keller Williams Village Square Realty - Wyckoff
Mls Name: NJMLS
Mls ID: #25026568