48 Cooper RdOak RidgeNJ07438
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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 Oak Ridge at 48 Cooper Rd, Oak Ridge, NJ, 07438 priced at $397,000 converts $3,900/mo rent into $1,070/mo cash flow after a $1,943/mo obligation. Total monthly income equals $3,900/mo, and annual cash flow totals $12,844/yr on $131,606 invested. Return on cash invested prints 29.67% in year one, and rental yield reads 11.79% against a $397,000 entry. Equity gained on principal adds $2,562/yr, while 5% annual appreciation compiles into $109,684 by year five. Five-year ROI reaches 156.42% and total cumulative return in cash sums $205,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,900/mo property income covering a $1,943/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Listed by: Leslie Anderson • Re/Max Country Realty
Mls Name: GSMLS
Mls ID: #3986487