931 N Monroe StRidgewoodNJ07450
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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 Ridgewood at 931 N Monroe St, Ridgewood, NJ, 07450 listed at $891,300 pairs $5,616/mo rent with a $4,362/mo payment. Total monthly income runs $5,616/mo. Return on cash invested measures 17.05% in year one, and rental yield registers 7.56% at a $891,300 basis. Equity gained on principal adds $5,751/yr, and annual property appreciation at 5% supports $246,250 by year five. Five-year ROI tracks 88.7% and total cumulative return in cash totals $260,104. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,616/mo property income relative to a $4,362/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
7,710 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07450, Ridgewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,007 (100%) |
| Owner Occupied HU | 6,760 (75.1%) |
| Renter Occupied HU | 1,923 (21.4%) |
| Vacant Housing Units | 324 ( 3.6%) |
| Median Home Value | $914,526 |
| Average Home Value | $1,042,080 |
Housing Distribution
Address Breakdown
Residential
8,904
Single Family
8,407
Multi-Family
497
Businesses
962
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Listed by: N/A • N/A
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