6404 City Pl UNIT 6404EdgewaterNJ07020
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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 Edgewater at 6404 City Pl UNIT 6404, Edgewater, NJ, 07020 listed at $599,000 pairs $4,496/mo rent with a $2,932/mo payment to leave $226/mo cash flow. Total monthly income runs $4,496/mo, and annual cash flow reaches $2,715/yr on $197,071 cash to close. Return on cash invested measures 21.44% in year one, and rental yield registers 9.01% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 112.26% and total cumulative return in cash totals $221,230. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,496/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
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Listed by: WAYNE BONSELL • THE CHEN AGENCY
Mls Name: HCMLS
Mls ID: #250024835