8 Ravine AveCaldwellNJ07006
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
Investment property for sale in Caldwell at 8 Ravine Ave, Caldwell, NJ, 07006 uses $149,175 cash to close to unlock $17,928/yr annual cash flow and $1,494/mo monthly cash flow. Total monthly income runs $4,702/mo, and a $2,203/mo payment keeps the spread at $1,494/mo. Purchase price stands at $450,000, and rental yield measures 12.54% with $4,702/mo rent. Return on cash invested shows 31.93% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 168.51% and total cumulative return in cash records $251,382. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,702/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1955
5,555 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Lattimer Jr. • Lattimer Realty
Mls Name: GSMLS
Mls ID: #3979368