71 Gordon StRidgefield ParkNJ07660
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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 Ridgefield Park at 71 Gordon St, Ridgefield Park, NJ, 07660 generates $2,520/mo in rent, after a $3,597/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 6.57% in year one, and rental yield is 4.11% on a $734,900 entry. Equity gained on principal adds $4,742/yr, while 5% annual appreciation builds toward $203,039 over five years. Five-year ROI reaches 32.51% and total cumulative return in cash sums $78,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07660, Ridgefield Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,348 (100%) |
| Owner Occupied HU | 2,853 (53.3%) |
| Renter Occupied HU | 2,206 (41.2%) |
| Vacant Housing Units | 289 ( 5.4%) |
| Median Home Value | $535,039 |
| Average Home Value | $538,346 |
Housing Distribution
Address Breakdown
Residential
4,776
Single Family
4,458
Multi-Family
318
Businesses
424
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Listed by: Tina Cernuda • RE/MAX Villa Realtors-North Bergen
Mls Name: NJMLS
Mls ID: #25043462