810 River RenaissanceEast RutherfordNJ07073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Rutherford at 810 River Renaissance, East Rutherford, NJ, 07073 priced at $434,999 converts $3,863/mo rent into $443/mo cash flow after a $2,129/mo obligation. Total monthly income equals $3,863/mo, and annual cash flow totals $5,310/yr on $144,202 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 10.66% against a $434,999 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 124.79% and total cumulative return in cash sums $179,952. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,863/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07073, East Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 1,639 (33.6%) |
| Renter Occupied HU | 2,949 (60.5%) |
| Vacant Housing Units | 283 ( 5.8%) |
| Median Home Value | $560,593 |
| Average Home Value | $637,271 |
Housing Distribution
Address Breakdown
Residential
4,358
Single Family
3,395
Multi-Family
963
Businesses
791
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Listed by: David L Giraldo • Realty Executives First Class
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971525
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