5 Horizon Rd APT 406Fort LeeNJ07024
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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 Fort Lee at 5 Horizon Rd APT 406, Fort Lee, NJ, 07024 offers a 9.88% rental yield on a $152,000 purchase with $1,251/mo rent. Total monthly income registers $1,251/mo, and a $744/mo payment leaves $168/mo available for distribution. Annual cash flow reaches $2,010/yr on $50,388 to close, and return on cash invested stands at 23.9% in year one. Equity gained on principal adds $981/yr while 5% annual appreciation supports $41,995 over five years. Portfolio math shows five-year ROI at 125.53% and total cumulative return in cash at $63,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,251/mo property income against a $744/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: Yang Lou • Realmart Realty, LLC
Mls Name: NJMLS
Mls Provider:
Mls ID: #24037450
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-02-18 14:38:37 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.