79 N 5th StPark RidgeNJ07656
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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 Park Ridge at 79 N 5th St, Park Ridge, NJ, 07656 generates $5,688/mo in rent and, after a $2,708/mo payment, leaves $1,206/mo in cash flow. Total monthly income is $5,688/mo, and annual cash flow is $14,473/yr on $182,003 invested. Return on cash invested sits at 28.01% in year one, and rental yield is 12.34% on a $553,200 entry. Equity gained on principal adds $3,570/yr, while 5% annual appreciation builds toward $152,839 over five years. Five-year ROI reaches 148.81% and total cumulative return in cash sums $270,834. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,688/mo property income rather than buyer’s personal income.
Single Family
Built in 1870
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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