1 Lyon LnFranklin ParkNJ08823
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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
Rental property for sale in Franklin Park at 1 Lyon Ln, Franklin Park, NJ, 08823 offers $3,000/mo rent that, after a $2,153/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 18.79% in year one, and rental yield stands at 8.18% at a $439,900 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,536 by year five. Five-year ROI records 98.11% and total cumulative return in cash reaches $143,067. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,153/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08823, Franklin Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,871 (100%) |
| Owner Occupied HU | 2,571 (66.4%) |
| Renter Occupied HU | 1,174 (30.3%) |
| Vacant Housing Units | 126 ( 3.3%) |
| Median Home Value | $394,233 |
| Average Home Value | $447,268 |
Housing Distribution
Address Breakdown
Residential
3,847
Single Family
3,847
Multi-Family
0
Businesses
167
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Listed by: Uma Sogani • RE/MAX Select - Princeton
Mls Name: Bright MLS
Mls ID: #NJSO2005056