7 Michael RoadOak RidgeNJ07438
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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
Rental property for sale in Oak Ridge at 7 Michael Road, Oak Ridge, NJ, 07438 priced at $499,900 pairs $3,900/mo rent with $337/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,900/mo, and annual cash flow comes to $4,039/yr on $165,717 invested. Return on cash invested is 22.35% in year one, and rental yield stands at 9.36% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 117.14% and total cumulative return in cash reaches $194,124. For financing, Ziffy Mortgage’s DSCR program evaluates $3,900/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.76 Acres 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
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Listed by: George Perrone • Century 21 Geba Realty
Mls Name: GSMLS
Mls ID: #4002324