596 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 596 Grove St, Ridgewood, NJ, 07450 priced at $859,995 converts $6,090/mo rent into after a $4,209/mo obligation. Total monthly income equals $6,090/mo. Return on cash invested prints 19.89% in year one, and rental yield reads 8.5% against a $859,995 entry. Equity gained on principal adds $5,549/yr, while 5% annual appreciation compiles into $237,601 by year five. Five-year ROI reaches 103.96% and total cumulative return in cash sums $294,148. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,090/mo property income covering a $4,209/mo payment, not borrower’s personal income.
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: Amrita Khurana • Keller Williams Prosperity
Mls Name: NJMLS
Mls ID: #25043871