5 Horizon Rd APT 507Fort LeeNJ07024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 507, Fort Lee, NJ, 07024 at $148,000 posts ROI 43.08% with $947/mo cash flow from $3,414/mo rent. Total monthly income equals $3,414/mo, and annual cash flow records $11,370/yr on $49,062 to close. Return on cash invested measures 43.08% and rental yield reads 27.68% at the current $148,000. Equity gained on principal adds $955/yr, and 5% annual appreciation supports $40,890 by year five. Five-year ROI prints 240.9% and total cumulative return in cash totals $118,190.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,414/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,412 monthly 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: Halley Natkin • Coldwell Banker, Fort Lee
Mls Name: NJMLS
Mls Provider:
Mls ID: #24010357
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: 2024-08-11 05:16:46 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.