54 Alta Vista 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
Rental property for sale in Ringwood at 54 Alta Vista Dr, Ringwood, NJ, 07456 generates $4,992/mo in rent and, after a $2,442/mo payment, leaves $1,436/mo in cash flow. Total monthly income is $4,992/mo, and annual cash flow is $17,227/yr on $165,419 invested. Return on cash invested sits at 30.32% in year one, and rental yield is 12% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 159.93% and total cumulative return in cash sums $264,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,992/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.34 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: Holland B. Mack 3rd • Real
Mls Name: GSMLS
Mls ID: #3970428