106 Rocktown RdRingoesNJ08551
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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 Ringoes at 106 Rocktown Rd, Ringoes, NJ, 08551 uses $197,071 cash to close to unlock $6,315/yr annual cash flow and $526/mo monthly cash flow. Total monthly income runs $4,796/mo, and a $2,932/mo payment keeps the spread at $526/mo. Purchase price stands at $599,000, and rental yield measures 9.61% with $4,796/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 122.06% and total cumulative return in cash records $240,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,796/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1965
5.74 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: Kefi Godfrey • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3996760