40 Meadow View CtLeoniaNJ07605
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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
Rental property for sale in Leonia at 40 Meadow View Ct, Leonia, NJ, 07605 offers $3,528/mo rent that, after a $3,059/mo payment. Total monthly income is $3,528/mo. Return on cash invested measures 14.65% in year one, and rental yield stands at 6.77% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 75.87% and total cumulative return in cash reaches $156,001. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,528/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through 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: 07605, Leonia, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,425 (100%) |
| Owner Occupied HU | 2,166 (63.2%) |
| Renter Occupied HU | 1,160 (33.9%) |
| Vacant Housing Units | 99 ( 2.9%) |
| Median Home Value | $679,721 |
| Average Home Value | $709,865 |
Housing Distribution
Address Breakdown
Residential
3,398
Single Family
3,010
Multi-Family
388
Businesses
256
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Listed by: Jennifer Kim • RE/MAX Simply
Mls Name: NJMLS
Mls ID: #25041054