89 Ridge RdOak RidgeNJ07438
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
Investment property for sale in Oak Ridge at 89 Ridge Rd, Oak Ridge, NJ, 07438 at $539,000 posts ROI 20.69% with $93/mo cash flow from $3,935/mo rent. Total monthly income equals $3,935/mo, and annual cash flow records $1,119/yr on $177,331 to close. Return on cash invested measures 20.69% and rental yield reads 8.76% at the current $539,000. Equity gained on principal adds $3,478/yr, and 5% annual appreciation supports $148,916 by year five. Five-year ROI prints 108.27% and total cumulative return in cash totals $191,988.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,935/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1983
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Nearby investment properties with comparable prices
Listed by: Christopher Carr • Homezu
Mls Name: GSMLS
Mls ID: #3962044