38 Larsen 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
Investment property for sale in Ringoes at 38 Larsen Rd, Ringoes, NJ, 08551 with 5% annual appreciation on a $969,900 basis while $5,714/mo rent supports operations. 55% in year one. Equity gained on principal adds $6,259/yr, and five-year appreciation sums $267,965 alongside rental yield of 7.07%. Five-year ROI measures 80.67% and total cumulative return in cash totals $257,421. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,714/mo property income versus a $4,747/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
3.83 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: Stefanie Prettyman • Real
Mls Name: GSMLS
Mls ID: #4000636