60 Horseshoe DrOak RidgeNJ07438
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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
Rental property for sale in Oak Ridge at 60 Horseshoe Dr, Oak Ridge, NJ, 07438 generates $3,055/mo in rent and, after a $2,031/mo payment, leaves $97/mo in cash flow. Total monthly income is $3,055/mo, and annual cash flow is $1,166/yr on $137,573 invested. Return on cash invested sits at 20.76% in year one, and rental yield is 8.83% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 108.65% and total cumulative return in cash sums $149,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,055/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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