85 Park Ave #205Glen 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 85 Park Ave #205, Glen Ridge, NJ, 07028 earns from $3,732/mo rent with a $3,622/mo payment. Total monthly income totals $3,732/mo. ROI tracks 12.46% on current figures, and rental yield reads 6.05% at a $740,000 purchase. Equity gained on principal adds $4,775/yr, and 5% annual appreciation supports $204,448 over five years. Five-year ROI reaches 64.1% and total cumulative return in cash sums $156,058. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,732/mo property income instead of your personal income.
Condo
Built in 2007
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Dibenedetto • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4007514