89 N Maple Ave #2089Park 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 89 N Maple Ave #2089, Park Ridge, NJ, 07656 listed at $320,000 pairs $2,594/mo rent with a $1,566/mo payment to leave $313/mo cash flow. Total monthly income runs $2,594/mo, and annual cash flow reaches $3,760/yr on $106,080 cash to close. Return on cash invested measures 23.45% in year one, and rental yield registers 9.73% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 123.11% and total cumulative return in cash totals $130,599. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,594/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: MICHAEL BOZZI JR • REDFIN CORPORATION
Mls Name: HCMLS
Mls ID: #250015425
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.