712 Washington Dr #712RamseyNJ07446
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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 712 Washington Dr #712, Ramsey, NJ, 07446 listed at $280,000 pairs $2,016/mo rent with a $1,370/mo payment to leave $21/mo cash flow. Total monthly income runs $2,016/mo, and annual cash flow reaches $248/yr on $92,820 cash to close. Return on cash invested measures 20.18% in year one, and rental yield registers 8.64% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 105.52% and total cumulative return in cash totals $97,941. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,016/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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: Robert McBay • Weichert Realtors, Tenafly-Cresskill
Mls Name: NJMLS
Mls ID: #25032916