7403 2nd AveRidgewoodNJ07450
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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 Ridgewood at 7403 2nd Ave, Ridgewood, NJ, 07450 offers a 9.12% rental yield on a $539,000 purchase with $4,098/mo rent. Total monthly income registers $4,098/mo, and a $2,638/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,075/yr on $177,331 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $3,478/yr while 5% annual appreciation supports $148,916 over five years. Portfolio math shows five-year ROI at 114.18% and total cumulative return in cash at $202,476. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,098/mo property income against a $2,638/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: JEFFREY PSOTA • COLDWELL BANKER RESIDENTIAL BROKERAGE
Mls Name: HCMLS
Mls ID: #250014994
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.