537 Ridgewood DrNorthfieldNJ08225
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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 Northfield at 537 Ridgewood Dr, Northfield, NJ, 08225 listed at $449,000 pairs $3,499/mo rent with a $2,198/mo payment to leave $298/mo cash flow. Total monthly income runs $3,499/mo, and annual cash flow reaches $3,579/yr on $148,844 cash to close. Return on cash invested measures 22.31% in year one, and rental yield registers 9.35% at a $449,000 basis. Equity gained on principal adds $2,897/yr, and annual property appreciation at 5% supports $124,050 by year five. Five-year ROI tracks 116.98% and total cumulative return in cash totals $174,112. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,499/mo property income relative to a $2,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08225, Northfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,739 (76.4%) |
| Renter Occupied HU | 505 (14.1%) |
| Vacant Housing Units | 341 ( 9.5%) |
| Median Home Value | $381,876 |
| Average Home Value | $443,246 |
Housing Distribution
Address Breakdown
Residential
3,416
Single Family
3,416
Multi-Family
0
Businesses
561
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Listed by: KEVIN SEGICH • Compass New Jersey-Ocean City (O463H)
Mls Name: SJSRMLS
Mls ID: #598961