324 Cupsaw 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 324 Cupsaw Dr, Ringwood, NJ, 07456 listed at $749,000 pairs $6,502/mo rent with a $3,666/mo payment to leave $1,163/mo cash flow. Total monthly income runs $6,502/mo, and annual cash flow reaches $13,959/yr on $246,421 cash to close. Return on cash invested measures 25.72% in year one, and rental yield registers 10.42% at a $749,000 basis. Equity gained on principal adds $4,833/yr, and annual property appreciation at 5% supports $206,935 by year five. Five-year ROI tracks 135.25% and total cumulative return in cash totals $333,280. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,502/mo property income relative to a $3,666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.53 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: Marie A. Heath • Coldwell Banker Realty Srv
Mls Name: GSMLS
Mls ID: #3992700