6406 Warrens Way DEEDED GARAGWanaqueNJ07465
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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 Wanaque at 6406 Warrens Way DEEDED GARAG, Wanaque, NJ, 07465 uses $149,009 cash to close to unlock $7,477/yr annual cash flow and $623/mo monthly cash flow. Total monthly income runs $3,827/mo, and a $2,200/mo payment keeps the spread at $623/mo. Purchase price stands at $449,500, and rental yield measures 10.22% with $3,827/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 131.01% and total cumulative return in cash records $195,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,827/mo property income covering a $2,200/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07465, Wanaque, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,696 (100%) |
| Owner Occupied HU | 2,141 (79.4%) |
| Renter Occupied HU | 418 (15.5%) |
| Vacant Housing Units | 137 ( 5.1%) |
| Median Home Value | $452,470 |
| Average Home Value | $468,856 |
Housing Distribution
Address Breakdown
Residential
2,654
Single Family
1,872
Multi-Family
782
Businesses
89
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Listed by: Kathleen Falco • Re/Max Select
Mls Name: GSMLS
Mls ID: #3987701