747 Broad Ave #BRidgefieldNJ07657
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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 747 Broad Ave #B, Ridgefield, NJ, 07657 priced at $274,900 converts $1,952/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,952/mo. Return on cash invested prints 19.82% in year one, and rental yield reads 8.52% against a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,950 by year five. Five-year ROI reaches 103.62% and total cumulative return in cash sums $94,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,952/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Townhouse
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: James Lee • Realty 7, LLC
Mls Name: NJMLS
Mls ID: #26001481