13 Clover Ln, Randolph, NJ, 07869 | 7.77% Rental Yield

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13 Clover Ln, Randolph, NJ, 07869 | 7.77% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Randolph at 13 Clover Ln, Randolph, NJ, 07869 at $730,000 posts ROI 17.69% with from $4,729/mo rent. Total monthly income equals $4,729/mo. Return on cash invested measures 17.69% and rental yield reads 7.77% at the current $730,000. Equity gained on principal adds $4,711/yr, and 5% annual appreciation supports $201,686 by year five. Five-year ROI prints 92.16% and total cumulative return in cash totals $221,330. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,729/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1955

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 13 Clover Lane, a beautifully updated and well-maintained 4 bedroom/2 full bath expanded Cape Cod. Situated on a level lot in a great Randolph neighborhood & offering almost 2000 SF of living space, this home features an open floor plan ideal for both everyday living and entertaining. The heart of the home is the expansive family room & updated kitchen with LG appliances, abundant cabinetry & plenty of granite counter space. With its hardwood floors throughout, two updated full baths, two 1st floor bedrooms/flex space, two generous size 2nd floor bedrooms and a full basement which can be finished for additional living space, you could feel "13 Clover Ln" represents your good luck & prosperity. Step outside to the private backyard complete with a large maintenance-free deck perfect for entertaining, relaxing or just enjoying morning coffee. There's mature landscaping adding to the property's privacy, a fire pit area & room to add a pool and garden. You can relax & enjoy your new home knowing the front door and all the home's windows have been replaced too. Located within a highly rated school district, this home will also be appreciated by commuters as it's close to major routes of travel including the Morris Plains train station. A few miles away is downtown Morristown with theatres, restaurants, shopping & night life. Don't miss the opportunity to live in one of Morris County's most peaceful communities where pride of home ownership meets improved lifestyles.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07869, Randolph, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,544 (100%)
Owner Occupied HU	6,953 (72.9%)
Renter Occupied HU	2,335 (24.5%)
Vacant Housing Units	256 ( 2.7%)
Median Home Value	$681,085
Average Home Value	$728,556