729 Broad Ave APT 8RidgefieldNJ07657
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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 729 Broad Ave APT 8, Ridgefield, NJ, 07657 earns $395/mo cash flow from $3,032/mo rent with a $1,811/mo payment. Total monthly income totals $3,032/mo, and annual cash flow totals $4,736/yr on $122,655 capital. ROI tracks 23.77% on current figures, and rental yield reads 9.83% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 124.78% and total cumulative return in cash sums $153,053. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,032/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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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Listed by: Edward Kim • Young Star Realty, LLC
Mls Name: NJMLS
Mls ID: #25036643