174 Conklintown RdRingwoodNJ07456
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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 Ringwood at 174 Conklintown Rd, Ringwood, NJ, 07456 offers a 9.48% rental yield on a $679,000 purchase with $5,365/mo rent. Total monthly income registers $5,365/mo, and a $3,323/mo payment leaves $526/mo available for distribution. Annual cash flow reaches $6,307/yr on $223,391 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $4,381/yr while 5% annual appreciation supports $187,595 over five years. Portfolio math shows five-year ROI at 120% and total cumulative return in cash at $268,067. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,365/mo property income against a $3,323/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07456, Ringwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,297 (100%) |
| Owner Occupied HU | 3,905 (90.9%) |
| Renter Occupied HU | 222 ( 5.2%) |
| Vacant Housing Units | 170 ( 4.0%) |
| Median Home Value | $533,296 |
| Average Home Value | $578,033 |
Housing Distribution
Address Breakdown
Residential
4,310
Single Family
4,310
Multi-Family
0
Businesses
299
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Listed by: Rosemary Thompson • Bhgre Green Team
Mls Name: GSMLS
Mls ID: #4000613