29 Cedar RdRingwoodNJ07456
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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 29 Cedar Rd, Ringwood, NJ, 07456 listed at $539,888 pairs $4,200/mo rent with a $2,642/mo payment to leave $352/mo cash flow. Total monthly income runs $4,200/mo, and annual cash flow reaches $4,227/yr on $177,623 cash to close. Return on cash invested measures 22.44% in year one, and rental yield registers 9.34% at a $539,888 basis. Equity gained on principal adds $3,484/yr, and annual property appreciation at 5% supports $149,161 by year five. Five-year ROI tracks 117.64% and total cumulative return in cash totals $208,959. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,200/mo property income relative to a $2,642/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.32 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: Orly Steinberg • Keller Williams Village Square
Mls Name: GSMLS
Mls Provider:
Mls ID: #3955820
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