509 Washington DrRamseyNJ07446
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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 509 Washington Dr, Ramsey, NJ, 07446 earns from $2,240/mo rent with a $1,425/mo payment. Total monthly income totals $2,240/mo. ROI tracks 17.67% on current figures, and rental yield reads 9.23% at a $291,200 purchase. Equity gained on principal adds $1,879/yr, and 5% annual appreciation supports $80,453 over five years. Five-year ROI reaches 93.61% and total cumulative return in cash sums $90,369. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,240/mo property income instead of your personal income.
Condo
Built in 1964
0.61 Acres lot
$N/A/sqft
$345 monthly 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: N/A • N/A
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