403 Undercliff Ave, Edgewater, NJ, 07020 | $2,388/mo Cash Flow

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

Rental property for sale in Edgewater at 403 Undercliff Ave, Edgewater, NJ, 07020 generates $9,480/mo in rent and, after a $4,870/mo payment, leaves $2,388/mo in cash flow. Total monthly income is $9,480/mo, and annual cash flow is $28,654/yr on $327,355 invested. Return on cash invested sits at 28.81% in year one, and rental yield is 11.43% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 151.8% and total cumulative return in cash sums $496,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,480/mo property income rather than buyer’s personal income.

Multi Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Fully updated 2 family home located in the heart of Edgewater! Walking distance to the Edgewater Ferry, busses to NY, Wholefoods & Trader Joes, schools and parks. First floor has 2 bedrooms and 2 bathrooms spanning the 1st floor and the walk out basement, with radiant heat, which goes to a huge patio area exclusive to the 1st floor tenant. The second floor has 3 bedrooms 1 full bath and spans the 2nd and 3rd floor which is finished with an office and storage area. 2 decks are included, one off the primary bedroom and another large deck from the kitchen and living room area. Each unit has separate utilities and separate laundry facilities in each apartment. Renovations include: updated kitchens, bathrooms, electrical, plumbing, heating and central air for both units, windows, hardwood floors and so much more. Don't miss out on this wonderful home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,338 (100%)
Owner Occupied HU	2,578 (35.1%)
Renter Occupied HU	4,135 (56.4%)
Vacant Housing Units	625 ( 8.5%)
Median Home Value	$847,464
Average Home Value	$933,297