522 Grove StRidgewoodNJ07450
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
Rental property for sale in Ridgewood at 522 Grove St, Ridgewood, NJ, 07450 offers $4,456/mo rent that, after a $5,629/mo payment. Total monthly income is $4,456/mo. Return on cash invested measures 8.32% in year one, and rental yield stands at 4.65% at a $1,150,000 entry. Equity gained on principal adds $7,421/yr while 5% annual appreciation compounds into $317,724 by year five. Five-year ROI records 41.86% and total cumulative return in cash reaches $155,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,456/mo property income versus a $5,629/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judith Howes Miller • Coldwell Banker, Allendale/Saddle River Valley
Mls Name: NJMLS
Mls ID: #25034685