715 Broad Ave APT 5ARidgefieldNJ07657
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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
Investment property for sale in Ridgefield at 715 Broad Ave APT 5A, Ridgefield, NJ, 07657 offers a 9.76% rental yield on a $333,900 purchase with $2,717/mo rent. Total monthly income registers $2,717/mo, and a $1,634/mo payment leaves $337/mo available for distribution. Annual cash flow reaches $4,047/yr on $110,688 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $2,155/yr while 5% annual appreciation supports $92,250 over five years. Portfolio math shows five-year ROI at 123.71% and total cumulative return in cash at $136,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,717/mo property income against a $1,634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
632 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07657, Ridgefield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,339 (100%) |
| Owner Occupied HU | 2,191 (50.5%) |
| Renter Occupied HU | 1,967 (45.3%) |
| Vacant Housing Units | 181 ( 4.2%) |
| Median Home Value | $661,496 |
| Average Home Value | $687,607 |
Housing Distribution
Address Breakdown
Residential
3,909
Single Family
3,863
Multi-Family
46
Businesses
777
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