518 Piermont AveRiver ValeNJ07675
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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
Rental property for sale in River Vale at 518 Piermont Ave, River Vale, NJ, 07675 priced at $650,000 pairs $5,400/mo rent with $767/mo cash flow after a $3,181/mo payment. Total monthly income equals $5,400/mo, and annual cash flow comes to $9,208/yr on $213,850 invested. Return on cash invested is 24.37% in year one, and rental yield stands at 9.97% on a $650,000 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,583 by year five. Five-year ROI measures 127.96% and total cumulative return in cash reaches $273,650. For financing, Ziffy Mortgage’s DSCR program evaluates $5,400/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
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Listed by: Anne Ryan • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3973108