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Properties
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The Wambsgans
SFR in Ramsey, New Jersey
4 bedrooms • 3 bathrooms • 3,790 Sq. Feet
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Property listed and underwritten by Joey
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$10bn+ deployed
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$1,525,000 purchase price
The first of its kind, introducing the mogul modified sale leaseback
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76.97% loan-to-value
Property financed with 5.875% interest only loan.
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$150,000 projected yearly rental income
Secured by leaseback to Seller

The Wambsgans is situated in a premier, quiet neighborhood in Ramsey, NJ, ideal for leisure and serenity. This property's underwriting projects a steady appreciation amount over the lifetime of your investment, with the single-family real estate market in NJ witnessing robust price appreciation in recent years. Smart leverage is used in the acquisition, with a 75% loan-to-value ratio amplifying your investment potential.


mogul sale-leaseback ensures this property is a beacon of stability, with a 10% net annual return on capital with no lease-up risk. Our underwriting for this property has a projected yearly rental income of $150,000, once again emphasizing the strong fundamentals with this stunning property.

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Nearby sales
Beds
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46 Joshua Dr
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Weighted avg.
-
-
4K
--
$1.5M
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The Wambsgans
4
3
3.8K
May-24
$1.5M
What are the potential returns
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Projected value
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Rental income
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$84K / 4% growth
Expenses
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$NaN / 2% growth
Appreciation
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3% growth
The property's status
Purchased Property
May 2024
Anticipated First Dividends
June 2024

The property boasts modern upgrades and luxury finish in a pristine, sought-after location at the start. With the leaseback model, there is no need for lease-up and the property will generate rental income day 1

What goes into the offering
Offering Details
Purchase Price
$1,525,000
(-) Debt
($1,173,750)
Equity
$351,250
(+) Reserves & Closing Costs
$153,900
(+) mogul Platform Fee (One-Time)
$46,950
Total Offering Amount
$552,100
When the asset is expected to be sold
Hold Period
5 - 7 Years
Target Secondary Liquidity Option
Q2 2026

Hold Period:

We anticipate holding the asset and selling it after 5-7 years. After 5 years, we will analyze the trends in national and local markets to project an estimated value / movement in prices over the coming years.

We will present our findings and recommendations to the investors to decide on the best time to sell. If the trends are pointing to selling before 5 years or after 7 years, we will notify investors on an ad hoc basis with our findings.

We are targeting a secondary liquidity option, so not all investors have to agree on the best course of action to sell their ownership stake.

Target Secondary Liquidity Option:

We are targeting a secondary liquidity option around Q2 of 2026. This means we are targeting providing the ability for investors to sell their shares at their asset value at any time.

While this is our target timeline, several factors may lead to us launching the secondary liquidity earlier or later than the intended timeline. As such, investors should budget for the hold period of 5-7 years when making their investment.

Where you'll be investing
Ramsey, New Jersey
11.7%
Past 5-year Market Rent Increase
67.7%
Past 5-year Market Value Increase

Ramsey, NJ


  • Strong Price Growth: Ramsey, NJ's single-family real estate market has witnessed robust price appreciation in recent years. From 2019 to 2023, the median sales price for single-family homes in Ramsey increased by approximately 12%, reaching a median price of $650,000 in 2023.
  • Limited Inventory: Inventory constraints have been a notable factor in Ramsey's housing market dynamics. The number of active listings for single-family homes in Ramsey has remained relatively low, with an average of just 50 properties available for sale at any given time in the past year. This scarcity of inventory has contributed to competitive bidding environments and swift sales.
  • Stable Demand: Despite fluctuations in the broader real estate market, demand for single-family homes in Ramsey has remained steady. The average days on market (DOM) for properties in Ramsey has hovered around 40 days over the past year, indicating continued interest from buyers. Additionally, the sales-to-list price ratio has consistently been above 100%, suggesting that homes in Ramsey often sell at or above their asking prices due to high demand.
Property Updates
7
Dividend Incoming
The Wambsgans
14 days ago
Dividend Incoming
Dividend for the month of December anticipated in-line with underwriting
Invest Now
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Property listed and underwritten by Joey
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$10bn+ deployed
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mogul co-founder
Prior to co-founding mogul, Joey deployed $10bn+ into high quality residential real estate for some of the most prominent institutions on Wall Street.
Other Key Personnel
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Managed by mogul
Documents
mogul 32 Lakeside LLC - Company Agreement
32 Lakeside Dr Ramsey - Appraisal
Executed PSA
Frequently asked questions