83 High StGlen RidgeNJ07028
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
Investment property for sale in Glen Ridge at 83 High St, Glen Ridge, NJ, 07028 at $529,000 posts ROI 16.95% with from $3,319/mo rent. Total monthly income equals $3,319/mo. Return on cash invested measures 16.95% and rental yield reads 7.53% at the current $529,000. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 by year five. Five-year ROI prints 88.17% and total cumulative return in cash totals $153,461. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,319/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1908
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07028, Glen Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,796 (100%) |
| Owner Occupied HU | 2,250 (80.5%) |
| Renter Occupied HU | 491 (17.6%) |
| Vacant Housing Units | 55 ( 2.0%) |
| Median Home Value | $821,864 |
| Average Home Value | $913,219 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,491
Multi-Family
239
Businesses
179
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Nearby investment properties with comparable prices
Listed by: Nancy E. Sussmann • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #3973394