27 Ramapo Mountain DrWanaqueNJ07465
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 27 Ramapo Mountain Dr, Wanaque, NJ, 07465 uses $294,455 cash to close to unlock $5,827/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $7,075/mo, and a $4,381/mo payment keeps the spread at $486/mo. Purchase price stands at $895,000, and rental yield measures 9.49% with $7,075/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 115.78% and total cumulative return in cash records $340,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,075/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.47 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Giacchi • RE/MAX DREAMS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2500057R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.