93 Edward DrRingwoodNJ07456
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 93 Edward Dr, Ringwood, NJ, 07456 priced at $625,500 pairs $5,752/mo rent with $1,293/mo cash flow after a $3,062/mo payment. Total monthly income equals $5,752/mo, and annual cash flow comes to $15,517/yr on $205,790 invested. Return on cash invested is 27.6% in year one, and rental yield stands at 11.04% on a $625,500 basis. Equity gained on principal adds $4,036/yr, and 5% annual appreciation accumulates to $172,814 by year five. Five-year ROI measures 145.31% and total cumulative return in cash reaches $299,042. For financing, Ziffy Mortgage’s DSCR program evaluates $5,752/mo property income against a $3,062/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.90 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: Ulrike Wundrack • Werner Realty
Mls Name: GSMLS
Mls ID: #3987709