1201 Warrens Way BLDG 1 #201WanaqueNJ07465
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
Investment property for sale in Wanaque at 1201 Warrens Way BLDG 1 #201, Wanaque, NJ, 07465 earns from $2,640/mo rent with a $2,261/mo payment. Total monthly income totals $2,640/mo. ROI tracks 14.79% on current figures, and rental yield reads 6.86% at a $462,000 purchase. Equity gained on principal adds $2,981/yr, and 5% annual appreciation supports $127,642 over five years. Five-year ROI reaches 76.66% and total cumulative return in cash sums $117,401. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07465, Wanaque, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,696 (100%) |
| Owner Occupied HU | 2,141 (79.4%) |
| Renter Occupied HU | 418 (15.5%) |
| Vacant Housing Units | 137 ( 5.1%) |
| Median Home Value | $452,470 |
| Average Home Value | $468,856 |
Housing Distribution
Address Breakdown
Residential
2,654
Single Family
1,872
Multi-Family
782
Businesses
89
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Listed by: Arwa Abbassi • Coldwell Banker Realty Srv
Mls Name: GSMLS
Mls ID: #3980816