61 Voorhis PlRingwoodNJ07456
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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 Ringwood at 61 Voorhis Pl, Ringwood, NJ, 07456 uses $140,888 cash to close to unlock $11,578/yr annual cash flow and $965/mo monthly cash flow. Total monthly income runs $3,994/mo, and a $2,080/mo payment keeps the spread at $965/mo. Purchase price stands at $425,000, and rental yield measures 11.28% with $3,994/mo rent. Return on cash invested shows 28.13% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 148.13% and total cumulative return in cash records $208,697. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,994/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1938
9,147 sqft 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: Colleen Spence • Bhgre Green Team
Mls Name: GSMLS
Mls ID: #3986849