602 Ridgedale AveEast HanoverNJ07936
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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 East Hanover at 602 Ridgedale Ave, East Hanover, NJ, 07936 with 5% annual appreciation on a $736,000 basis while $5,063/mo rent supports operations. 15% in year one. Equity gained on principal adds $4,749/yr, and five-year appreciation sums $203,343 alongside rental yield of 8.25%. Five-year ROI measures 100.01% and total cumulative return in cash totals $242,174. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,063/mo property income versus a $3,602/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07936, East Hanover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,748 (90.5%) |
| Renter Occupied HU | 322 ( 7.8%) |
| Vacant Housing Units | 71 ( 1.7%) |
| Median Home Value | $742,208 |
| Average Home Value | $763,657 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
4,001
Multi-Family
0
Businesses
748
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Listed by: N/A • N/A
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