508 Fairview TerRidgefieldNJ07657
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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 Ridgefield at 508 Fairview Ter, Ridgefield, NJ, 07657 uses $190,820 cash to close to unlock $2,324/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $4,328/mo, and a $2,839/mo payment keeps the spread at $194/mo. Purchase price stands at $580,000, and rental yield measures 8.95% with $4,328/mo rent. Return on cash invested shows 21.28% in year one, and 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 111.39% and total cumulative return in cash records $212,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,328/mo property income covering a $2,839/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2,500 sqft 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: JORGE IZQUIERDO • LIBERTY REALTY LLC
Mls Name: HCMLS
Mls ID: #250012403
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.