426 Lee 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
Investment property for sale in River Edge at 426 Lee Ave, River Edge, NJ, 07661 with 5% annual appreciation on a $1,450,000 basis while $6,508/mo rent supports operations. 59% in year one. Equity gained on principal adds $9,357/yr, and five-year appreciation sums $400,608 alongside rental yield of 5.39%. Five-year ROI measures 54.05% and total cumulative return in cash totals $253,941. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,508/mo property income versus a $7,097/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
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: N/A • N/A
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Mls ID: #N/A