229 Norman DrRamseyNJ07446
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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 Ramsey at 229 Norman Dr, Ramsey, NJ, 07446 offers $3,000/mo rent that, after a $4,258/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 6.64% in year one, and rental yield stands at 4.14% at a $869,900 entry. Equity gained on principal adds $5,613/yr while 5% annual appreciation compounds into $240,337 by year five. Five-year ROI records 32.9% and total cumulative return in cash reaches $94,169. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $4,258/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07446, Ramsey, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,661 (100%) |
| Owner Occupied HU | 4,617 (81.6%) |
| Renter Occupied HU | 876 (15.5%) |
| Vacant Housing Units | 168 ( 3.0%) |
| Median Home Value | $732,204 |
| Average Home Value | $786,059 |
Housing Distribution
Address Breakdown
Residential
5,623
Single Family
5,518
Multi-Family
105
Businesses
867
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Listed by: Nicole Minetti • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25031267