87 N Maple AvePark 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
Rental property for sale in Park Ridge at 87 N Maple Ave, Park Ridge, NJ, 07656 offers $2,008/mo rent that, after a $1,363/mo payment, leaves $23/mo cash flow. Total monthly income is $2,008/mo, and annual cash flow is $276/yr on $92,323 cash. Return on cash invested measures 20.21% in year one, and rental yield stands at 8.65% at a $278,500 entry. Equity gained on principal adds $1,797/yr while 5% annual appreciation compounds into $76,944 by year five. Five-year ROI records 105.72% and total cumulative return in cash reaches $97,602. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,008/mo property income versus a $1,363/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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