38 John Ringo RdRingoesNJ08551
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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 Ringoes at 38 John Ringo Rd, Ringoes, NJ, 08551 priced at $699,000 pairs $2,862/mo rent with after a $3,421/mo payment. Total monthly income equals $2,862/mo. Return on cash invested is 9% in year one, and rental yield stands at 4.91% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 45.53% and total cumulative return in cash reaches $104,702. For financing, Ziffy Mortgage’s DSCR program evaluates $2,862/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1880
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08551, Ringoes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,043 (100%) |
| Owner Occupied HU | 1,785 (87.4%) |
| Renter Occupied HU | 175 ( 8.6%) |
| Vacant Housing Units | 83 ( 4.1%) |
| Median Home Value | $639,032 |
| Average Home Value | $688,770 |
Housing Distribution
Address Breakdown
Residential
1,976
Single Family
1,976
Multi-Family
0
Businesses
204
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Listed by: MARIE C. WESTERVELT • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2607150R