743 Kingsland AveRidgefieldNJ07657
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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 at 743 Kingsland Ave, Ridgefield, NJ, 07657 priced at $1,789,000 converts $3,000/mo rent into after a $8,756/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 0.18% in year one, and rental yield reads 2.01% against a $1,789,000 entry. Equity gained on principal adds $11,544/yr, while 5% annual appreciation compiles into $494,268 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $8,756/mo payment, not borrower’s personal income.
Multi Family
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: Michael Broderick • Ridgeco Properties, Inc.
Mls Name: NJMLS
Mls ID: #25038589