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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ledgewood at 95 Drake Ln, Ledgewood, NJ, 07852 offers $3,600/mo rent that, after a $1,835/mo payment, leaves $597/mo cash flow. Total monthly income is $3,600/mo, and annual cash flow is $7,158/yr on $124,313 cash. Return on cash invested measures 25.67% in year one, and rental yield stands at 11.52% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 136.11% and total cumulative return in cash reaches $169,203. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,600/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1992
8,276 sqft lot
$N/A/sqft
$331 monthly HOA
Neighborhood data shown for ZIP Code: 07852, Ledgewood, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,565 (100%) |
| Owner Occupied HU | 1,236 (79.0%) |
| Renter Occupied HU | 286 (18.3%) |
| Vacant Housing Units | 43 ( 2.7%) |
| Median Home Value | $499,682 |
| Average Home Value | $518,746 |
Residential
1,747
Single Family
1,747
Multi-Family
0
Businesses
260
Date | Event | Price |
|---|---|---|
| 2018-08-20 | Sold | $224,000 |
| 2018-03-06 | Listed for sale | $229,000 |
| 2014-09-18 | Listing removed | $1,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $5635.45 | 1.59% | $205,000 | N/A |
| 2023-06-25 | $5547.30 | 0.97% | $205,000 | N/A |
| 2022-06-25 | $5494.00 | 1.75% | $205,000 | N/A |
Listed by: Andrea Martone • Realty Executives Platinum
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971215
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
