88 Truman DrWood RidgeNJ07075
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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 Wood Ridge at 88 Truman Dr, Wood Ridge, NJ, 07075 priced at $829,300 converts $3,521/mo rent into after a $4,059/mo obligation. Total monthly income equals $3,521/mo. Return on cash invested prints 9.55% in year one, and rental yield reads 5.09% against a $829,300 entry. Equity gained on principal adds $5,351/yr, while 5% annual appreciation compiles into $229,120 by year five. Five-year ROI reaches 48.48% and total cumulative return in cash sums $132,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,521/mo property income covering a $4,059/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07075, Wood Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,306 (100%) |
| Owner Occupied HU | 3,002 (69.7%) |
| Renter Occupied HU | 1,173 (27.2%) |
| Vacant Housing Units | 131 ( 3.0%) |
| Median Home Value | $603,964 |
| Average Home Value | $627,045 |
Housing Distribution
Address Breakdown
Residential
4,253
Single Family
3,959
Multi-Family
294
Businesses
257
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Listed by: Mital Kataria • United Real Estate
Mls Name: NJMLS
Mls ID: #26000824