102 Summit DrDenvilleNJ07834
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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 Denville at 102 Summit Dr, Denville, NJ, 07834 earns from $3,420/mo rent with a $3,426/mo payment. Total monthly income totals $3,420/mo. ROI tracks 11.88% on current figures, and rental yield reads 5.86% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 61.01% and total cumulative return in cash sums $140,492. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,420/mo property income instead of your personal income.
Single Family
Built in 2017
0.28 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07834, Denville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,165 (100%) |
| Owner Occupied HU | 5,802 (81.0%) |
| Renter Occupied HU | 1,043 (14.6%) |
| Vacant Housing Units | 320 ( 4.5%) |
| Median Home Value | $623,100 |
| Average Home Value | $672,428 |
Housing Distribution
Address Breakdown
Residential
7,081
Single Family
6,709
Multi-Family
372
Businesses
905
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $699,900 |
| 2024-09-19 | Listed for sale | $725,000 |
| 2018-03-13 | Sold | $474,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $10844.50 | 2.84% | $410,000 | N/A |
| 2022-10-17 | $10545.20 | 1.54% | $410,000 | N/A |
| 2021-10-17 | $10385.30 | 1.89% | $410,000 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2017
- Architectural Style: Custom Home
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 2 Units, Forced Air
- Cooling: Central Air, Zoned
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 2 Car Width, None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Propane
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Riverview
- Middle School: Valleyview
- High School: Morrisknol
Listed by: Angela Salisbury • Keller Williams Towne Square Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3924869
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.