7 Van Dunk LnRingwoodNJ07456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7 Van Dunk Ln, Ringwood, NJ, 07456 priced at $244,900 converts $1,841/mo rent into $95/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,841/mo, and annual cash flow totals $1,141/yr on $81,184 invested. Return on cash invested prints 21.31% in year one, and rental yield reads 9.02% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 111.66% and total cumulative return in cash sums $90,653. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,841/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1975
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: David Quinones • Coldwell Banker Garden State
Mls Name: GSMLS
Mls Provider:
Mls ID: #3930306
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