475 Morse AveRidgefieldNJ07657
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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
Total monthly income runs $3,000/mo, and a $6,602/mo payment. Purchase price stands at $1,348,800, and rental yield measures 2.67% with $3,000/mo rent. Return on cash invested shows 2.21% in year one, and 5% annual appreciation builds toward $372,649 over five years. Five-year ROI reaches 9.08% and total cumulative return in cash records $39,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $6,602/mo payment rather than investor’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: 07657, Ridgefield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,339 (100%) |
| Owner Occupied HU | 2,191 (50.5%) |
| Renter Occupied HU | 1,967 (45.3%) |
| Vacant Housing Units | 181 ( 4.2%) |
| Median Home Value | $661,496 |
| Average Home Value | $687,607 |
Housing Distribution
Address Breakdown
Residential
3,909
Single Family
3,863
Multi-Family
46
Businesses
777
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Listed by: Wendy Gamez • Keller Williams City Views Realty
Mls Name: NJMLS
Mls ID: #25042007