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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Edgewater at 603 Franklin Ct #L603, Edgewater, NJ, 07020 uses $148,846 cash to close to unlock $4,767/yr annual cash flow and $397/mo monthly cash flow. Total monthly income runs $3,598/mo, and a $2,198/mo payment keeps the spread at $397/mo. Purchase price stands at $449,007, and rental yield measures 9.62% with $3,598/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $124,052 over five years. Five-year ROI reaches 121.27% and total cumulative return in cash records $180,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,598/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: James Lee • Realty 7, LLC
Mls Name: NJMLS
Mls ID: #25035506
