9116 Warrens Way BLDG 9 #116WanaqueNJ07465
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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 9116 Warrens Way BLDG 9 #116, Wanaque, NJ, 07465 offers a 9.11% rental yield on a $449,000 purchase with $3,408/mo rent. Total monthly income registers $3,408/mo, and a $2,198/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,487/yr on $148,844 to close, and return on cash invested stands at 21.58% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 113.06% and total cumulative return in cash at $168,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,408/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
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: Rosemary Thompson • Bhgre Green Team
Mls Name: GSMLS
Mls ID: #3992807