423 Delaware AveRiversideNJ08075
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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 Riverside at 423 Delaware Ave, Riverside, NJ, 08075 offers $1,569/mo rent that, after a $976/mo payment, leaves $147/mo cash flow. Total monthly income is $1,569/mo, and annual cash flow is $1,769/yr on $66,134 cash. Return on cash invested measures 22.58% in year one, and rental yield stands at 9.44% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 118.46% and total cumulative return in cash reaches $78,343. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,569/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08075, Riverside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,515 (100%) |
| Owner Occupied HU | 8,314 (66.4%) |
| Renter Occupied HU | 3,688 (29.5%) |
| Vacant Housing Units | 513 ( 4.1%) |
| Median Home Value | $342,696 |
| Average Home Value | $379,444 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
12,079
Multi-Family
181
Businesses
701
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Listed by: Linton O. Gentles • Changing Lives Realty Llc
Mls Name: GSMLS
Mls ID: #3993792