87 N Maple Ave #2087Park RidgeNJ07656
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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
Investment property for sale in Park Ridge at 87 N Maple Ave #2087, Park Ridge, NJ, 07656 earns from $1,910/mo rent with a $1,363/mo payment. Total monthly income totals $1,910/mo. ROI tracks 18.93% on current figures, and rental yield reads 8.23% at a $278,500 purchase. Equity gained on principal adds $1,797/yr, and 5% annual appreciation supports $76,944 over five years. Five-year ROI reaches 98.91% and total cumulative return in cash sums $91,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,910/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07656, Park Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 2,785 (73.5%) |
| Renter Occupied HU | 885 (23.4%) |
| Vacant Housing Units | 118 ( 3.1%) |
| Median Home Value | $725,593 |
| Average Home Value | $778,660 |
Housing Distribution
Address Breakdown
Residential
3,665
Single Family
3,525
Multi-Family
140
Businesses
337
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Listed by: Nancy Bozzi • Coldwell Banker, Alpine/Closter
Mls Name: NJMLS
Mls ID: #25042515