2107 Ramapo Ct BLDG 2 #1RiverdaleNJ07457
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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 Riverdale at 2107 Ramapo Ct BLDG 2 #1, Riverdale, NJ, 07457 earns $6/mo cash flow from $2,712/mo rent with a $1,858/mo payment. Total monthly income totals $2,712/mo, and annual cash flow totals $72/yr on $125,871 capital. ROI tracks 19.97% on current figures, and rental yield reads 8.57% at a $379,700 purchase. Equity gained on principal adds $2,450/yr, and 5% annual appreciation supports $104,904 over five years. Five-year ROI reaches 104.37% and total cumulative return in cash sums $131,366. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,712/mo property income instead of your personal income.
Condo
Built in 2006
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07457, Riverdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,009 (100%) |
| Owner Occupied HU | 1,402 (69.8%) |
| Renter Occupied HU | 542 (27.0%) |
| Vacant Housing Units | 65 ( 3.2%) |
| Median Home Value | $479,322 |
| Average Home Value | $583,347 |
Housing Distribution
Address Breakdown
Residential
1,989
Single Family
1,221
Multi-Family
768
Businesses
249
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Listed by: Tina Cali • C-21 Gemini, Llc.
Mls Name: GSMLS
Mls ID: #3980445