239 Skyline Lake DrRingwoodNJ07456
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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 Ringwood at 239 Skyline Lake Dr, Ringwood, NJ, 07456 offers a 8.4% rental yield on a $599,888 purchase with $4,200/mo rent. 6% in year one. Equity gained on principal adds $3,871/yr while 5% annual appreciation supports $165,738 over five years. Portfolio math shows five-year ROI at 102.41% and total cumulative return in cash at $202,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $2,936/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft 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: Orly Steinberg • Keller Williams Village Square
Mls Name: GSMLS
Mls ID: #3988651