807 Edgewood Ln #BFort LeeNJ07024
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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 Fort Lee at 807 Edgewood Ln #B, Fort Lee, NJ, 07024 generates $4,200/mo in rent, after a $6,265/mo payment. Total monthly income is $4,200/mo. Return on cash invested sits at 6.12% in year one, and rental yield is 3.94% on a $1,279,910 entry. Equity gained on principal adds $8,259/yr, while 5% annual appreciation builds toward $353,616 over five years. Five-year ROI reaches 30.08% and total cumulative return in cash sums $124,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: ALLEN J TEN HOEVE • KELLER WILLIAMS VALLEY REALTY
Mls Name: HCMLS
Mls ID: #250024361