70 Clark StGlen RidgeNJ07028
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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 Glen Ridge at 70 Clark St, Glen Ridge, NJ, 07028 generates $5,950/mo in rent, after a $5,869/mo payment. Total monthly income is $5,950/mo. Return on cash invested sits at 12.35% in year one, and rental yield is 5.95% on a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 63.47% and total cumulative return in cash sums $246,561. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,950/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07028, Glen Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,796 (100%) |
| Owner Occupied HU | 2,250 (80.5%) |
| Renter Occupied HU | 491 (17.6%) |
| Vacant Housing Units | 55 ( 2.0%) |
| Median Home Value | $821,864 |
| Average Home Value | $913,219 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,491
Multi-Family
239
Businesses
179
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Listed by: Amy Owens • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4006591