555 Edgewater Ave UNIT 103, Ridgefield, NJ, 07657 | 3.61% Rental Yield

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555 Edgewater Ave UNIT 103, Ridgefield, NJ, 07657 | 3.61% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ridgefield at 555 Edgewater Ave UNIT 103, Ridgefield, NJ, 07657 listed at $997,888 pairs $3,000/mo rent with a $4,884/mo payment. Total monthly income runs $3,000/mo. Return on cash invested measures 5.03% in year one, and rental yield registers 3.61% at a $997,888 basis. Equity gained on principal adds $6,439/yr, and annual property appreciation at 5% supports $275,698 by year five. Five-year ROI tracks 24.26% and total cumulative return in cash totals $79,632. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $4,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this modern townhouse located in Ridgefield. This property offers a combination of contemporary features, convenient layout, and nearby access to major commuter routes and New York City. The main level includes an open-concept living area with high ceilings and natural light. The kitchen features stainless steel appliances, custom cabinetry, and a gas line to the patio for a grill setup. The layout is designed to accommodate everyday living as well as gatherings. The primary bedroom includes an in-suite bathroom with dual vanities, a soaking tub, and a walk-in closet. Additional bedroom offer options for guests, workspace, or flexible use with full bath. Custom closets and custom window and door treatments are installed throughout the home. Outdoor space is available for seating or dining. Additional features include a full-house generator, central vacuum system, a security system with exterior lighting, and a garage with epoxy flooring. Located minutes from major highways and the George Washington Bridge, this property offers proximity to transportation, local restaurants, shops, schools, and parks.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07657, Ridgefield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,339 (100%)
Owner Occupied HU	2,191 (50.5%)
Renter Occupied HU	1,967 (45.3%)
Vacant Housing Units	181 ( 4.2%)
Median Home Value	$661,496
Average Home Value	$687,607