83 Ridge RdOak RidgeNJ07438
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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 Oak Ridge at 83 Ridge Rd, Oak Ridge, NJ, 07438 priced at $568,000 pairs $1,500/mo rent with after a $2,780/mo payment. Total monthly income equals $1,500/mo. Return on cash invested is 3.69% in year one, and rental yield stands at 3.17% on a $568,000 basis. Equity gained on principal adds $3,665/yr, and 5% annual appreciation accumulates to $156,928 by year five. Five-year ROI measures 17.11% and total cumulative return in cash reaches $31,965. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $2,780/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Listed by: Stefan Gomez • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3989916