7 River RdOak 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 River Rd, Oak Ridge, NJ, 07438 priced at $699,900 pairs $3,589/mo rent with after a $3,426/mo payment. Total monthly income equals $3,589/mo. Return on cash invested is 12.76% in year one, and rental yield stands at 6.15% on a $699,900 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,369 by year five. Five-year ROI measures 65.73% and total cumulative return in cash reaches $151,352. For financing, Ziffy Mortgage’s DSCR program evaluates $3,589/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
0.83 Acres lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-18 | $9905.04 | -0.79% | $341,200 | N/A |
| 2023-08-18 | $9983.51 | 2.67% | $341,200 | N/A |
| 2022-08-18 | $9724.20 | 2.00% | $341,200 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1947
- Architectural Style: Custom Home
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Oil Tank Above Ground - Outside
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Asphalt, Detached Garage, Loft Storage, Oversized
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: See Remarks
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Jefferson
- High School: Jefferson
Listed by: Johanna Rivera • Realty Executives Property Squad
Mls Name: GSMLS
Mls Provider:
Mls ID: #3981561
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