374 E Ridgewood Ave APT 6RidgewoodNJ07450
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Nearby investment properties with comparable prices
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 374 E Ridgewood Ave APT 6, Ridgewood, NJ, 07450 earns $560/mo cash flow from $4,830/mo rent with a $2,932/mo payment. Total monthly income totals $4,830/mo, and annual cash flow totals $6,723/yr on $197,071 capital. ROI tracks 23.47% on current figures, and rental yield reads 9.68% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 123.17% and total cumulative return in cash sums $242,734. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,830/mo property income instead of your personal income.
Condo
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: Jennifer Ariano • RE/MAX Real Estate Limited
Mls Name: NJMLS
Mls ID: #26000449