37 Oak Ridge Rd, Berkeley Heights, NJ, 07922 | 7.53% Rental Yield

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37 Oak Ridge Rd, Berkeley Heights, NJ, 07922 | 7.53% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $5,640/mo, and a $4,400/mo payment. Purchase price stands at $899,000, and rental yield measures 7.53% with $5,640/mo rent. Return on cash invested shows 16.95% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 88.16% and total cumulative return in cash records $260,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,640/mo property income covering a $4,400/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Set on a beautiful .5-acre lot in the highly desirable Spring Ridge neighborhood, this move-in ready home has been tastefully updated throughout. Step inside the bright foyer, where natural light streams through the new front door and leads you into the inviting living room, featuring a large picture window, crown molding & a cozy wood-burning fireplace. The renovated kitchen showcases Brighton custom inset cabinetry, leathered quartzite countertops, under-cabinet lighting & stainless steel appliances incl. a 5-burner range, microwave drawer & French door refrigerator. A convenient breakfast bar opens to the dining room, creating a seamless flow for everyday living. Just steps away is the family room which has a large bay window that overlooks the gorgeous backyard. Upstairs, you'll find 4 bedrooms, incl. a primary suite w/ two closets and a beautiful ensuite bath featuring a large marble-tiled shower. Two additional bedrooms on this level share the updated hall bath. A generously sized 4th bedroom is located on the 3rd floor ideal for guests, a home office, or a playroom. The lower level offers a versatile recreation room w/ ample space for media, games, or a home gym. Outside, enjoy the low-maintenance composite deck. The professionally landscaped, fenced yard includes a fire pit area & a storage shed an ideal yard outdoor gatherings. If you're looking for a move-in ready home, set on a beautiful piece of property, in a wonderful neighborhood, this is the one for you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,805 (100%)
Owner Occupied HU	3,915 (81.5%)
Renter Occupied HU	550 (11.4%)
Vacant Housing Units	340 ( 7.1%)
Median Home Value	$777,472
Average Home Value	$844,385