947 E Glen AveRidgewoodNJ07450
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
Total monthly income runs $6,090/mo, and a $4,454/mo payment. Purchase price stands at $910,000, and rental yield measures 8.03% with $6,090/mo rent. Return on cash invested shows 18.47% in year one, and 5% annual appreciation builds toward $251,416 over five years. Five-year ROI reaches 96.34% and total cumulative return in cash records $288,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,090/mo property income covering a $4,454/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie Deiss • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25036137