42 Howland AveRiver EdgeNJ07661
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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 River Edge at 42 Howland Ave, River Edge, NJ, 07661 priced at $1,280,000 converts $4,715/mo rent into after a $6,265/mo obligation. Total monthly income equals $4,715/mo. Return on cash invested prints 7.61% in year one, and rental yield reads 4.42% against a $1,280,000 entry. Equity gained on principal adds $8,260/yr, while 5% annual appreciation compiles into $353,640 by year five. Five-year ROI reaches 38.08% and total cumulative return in cash sums $157,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,715/mo property income covering a $6,265/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07661, River Edge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 3,066 (72.2%) |
| Renter Occupied HU | 1,056 (24.9%) |
| Vacant Housing Units | 123 ( 2.9%) |
| Median Home Value | $674,578 |
| Average Home Value | $722,772 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
3,871
Multi-Family
408
Businesses
328
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Listed by: Young Tak • Keller Williams Town Life
Mls Name: NJMLS
Mls ID: #26001485