516 Stevens AveRidgewoodNJ07450
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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 Ridgewood at 516 Stevens Ave, Ridgewood, NJ, 07450 offers $5,220/mo rent that, after a $4,219/mo payment. Total monthly income is $5,220/mo. Return on cash invested measures 16.15% in year one, and rental yield stands at 7.27% at a $862,000 entry. Equity gained on principal adds $5,562/yr while 5% annual appreciation compounds into $238,155 by year five. Five-year ROI records 83.89% and total cumulative return in cash reaches $237,909. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,220/mo property income versus a $4,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: Lisa Levey • Tarvin Realtors
Mls Name: NJMLS
Mls ID: #26001644