46 Elbert CtRamseyNJ07446
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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 Ramsey at 46 Elbert Ct, Ramsey, NJ, 07446 uses $296,100 cash to close to unlock $23,820/yr annual cash flow and $1,985/mo monthly cash flow. Total monthly income runs $8,400/mo, and a $4,405/mo payment keeps the spread at $1,985/mo. Purchase price stands at $899,999, and rental yield measures 11.2% with $8,400/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 147.99% and total cumulative return in cash records $438,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,400/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07446, Ramsey, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,661 (100%) |
| Owner Occupied HU | 4,617 (81.6%) |
| Renter Occupied HU | 876 (15.5%) |
| Vacant Housing Units | 168 ( 3.0%) |
| Median Home Value | $732,204 |
| Average Home Value | $786,059 |
Housing Distribution
Address Breakdown
Residential
5,623
Single Family
5,518
Multi-Family
105
Businesses
867
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Listed by: Nicole Minetti • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25034989