63 Old Fourth DrOak RidgeNJ07438
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 Oak Ridge at 63 Old Fourth Dr, Oak Ridge, NJ, 07438 priced at $489,900 pairs $4,624/mo rent with $1,132/mo cash flow after a $2,398/mo payment. Total monthly income equals $4,624/mo, and annual cash flow comes to $13,583/yr on $162,402 invested. Return on cash invested is 28.27% in year one, and rental yield stands at 11.33% on a $489,900 basis. Equity gained on principal adds $3,161/yr, and 5% annual appreciation accumulates to $135,350 by year five. Five-year ROI measures 148.92% and total cumulative return in cash reaches $241,841. For financing, Ziffy Mortgage’s DSCR program evaluates $4,624/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1987
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betty Ann Hedden • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3986566