551 Union AveWood RidgeNJ07075
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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 Wood Ridge at 551 Union Ave, Wood Ridge, NJ, 07075 listed at $765,000 pairs $4,028/mo rent with a $3,744/mo payment. Total monthly income runs $4,028/mo. Return on cash invested measures 13.27% in year one, and rental yield registers 6.32% at a $765,000 basis. Equity gained on principal adds $4,936/yr, and annual property appreciation at 5% supports $211,355 by year five. Five-year ROI tracks 68.44% and total cumulative return in cash totals $172,259. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,028/mo property income relative to a $3,744/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1909
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07075, Wood Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,306 (100%) |
| Owner Occupied HU | 3,002 (69.7%) |
| Renter Occupied HU | 1,173 (27.2%) |
| Vacant Housing Units | 131 ( 3.0%) |
| Median Home Value | $603,964 |
| Average Home Value | $627,045 |
Housing Distribution
Address Breakdown
Residential
4,253
Single Family
3,959
Multi-Family
294
Businesses
257
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Listed by: Frank Capoano • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3979802
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