6404 City Pl UNIT 6404, Edgewater, NJ, 07020 | $226/mo Cash Flow

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6404 City Pl UNIT 6404, Edgewater, NJ, 07020 | $226/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Welcome to 6404 City Place, Edgewater, NJ where modern convenience meets stylish comfort. This beautifully maintained 2-bedroom, 2-bath residence offers an open, airy layout with gorgeous refinished hardwood floors that flow throughout the home. The spacious living and dining area is perfect for both everyday living and entertaining, while large windows invite abundant natural light. The kitchen features updated appliances and ample cabinetry, making meal prep a breeze. Both bedrooms are generously sized, with the primary suite offering exceptional privacy and its own full bath. Additional highlights include plentiful storage, in-unit laundry, and a serene ambiance throughout. Located in the highly sought-after City Place community, youll enjoy on-site shops, dining, and easy access to the waterfront walkway, major highways, NYC transportation, and everything Edgewater has to offer. Move-in ready and impeccably keptthis is City Place living at its best.

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