87 Stony Ridge DrHillsdaleNJ07642
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
Rental property for sale in Hillsdale at 87 Stony Ridge Dr, Hillsdale, NJ, 07642 generates $5,112/mo in rent, after a $4,038/mo payment. Total monthly income is $5,112/mo. Return on cash invested sits at 16.66% in year one, and rental yield is 7.44% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 86.64% and total cumulative return in cash sums $235,173. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,112/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07642, Hillsdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,693 (100%) |
| Owner Occupied HU | 3,152 (85.4%) |
| Renter Occupied HU | 406 (11.0%) |
| Vacant Housing Units | 135 ( 3.7%) |
| Median Home Value | $691,014 |
| Average Home Value | $727,760 |
Housing Distribution
Address Breakdown
Residential
3,662
Single Family
3,508
Multi-Family
154
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Oksana Zaharov • COLDWELL BANKER RESIDENTIAL BROKERAGE
Mls Name: HCMLS
Mls ID: #250006046
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.