10 Pheasant DrRingoesNJ08551
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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
Rental property for sale in Ringoes at 10 Pheasant Dr, Ringoes, NJ, 08551 priced at $1,064,500 converts $3,992/mo rent into after a $5,210/mo obligation. Total monthly income equals $3,992/mo. Return on cash invested prints 7.86% in year one, and rental yield reads 4.5% against a $1,064,500 entry. Equity gained on principal adds $6,869/yr, while 5% annual appreciation compiles into $294,102 by year five. Five-year ROI reaches 39.4% and total cumulative return in cash sums $135,874. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,992/mo property income covering a $5,210/mo payment, not borrower’s personal income.
Single Family
Built in 2000
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08551, Ringoes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,043 (100%) |
| Owner Occupied HU | 1,785 (87.4%) |
| Renter Occupied HU | 175 ( 8.6%) |
| Vacant Housing Units | 83 ( 4.1%) |
| Median Home Value | $639,032 |
| Average Home Value | $688,770 |
Housing Distribution
Address Breakdown
Residential
1,976
Single Family
1,976
Multi-Family
0
Businesses
204
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Listed by: Paula Anastasio • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3994173