137 Florence AveDenvilleNJ07834
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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 Denville at 137 Florence Ave, Denville, NJ, 07834 offers $4,781/mo rent that, after a $3,079/mo payment, leaves $297/mo cash flow. Total monthly income is $4,781/mo, and annual cash flow is $3,567/yr on $206,941 cash. Return on cash invested measures 21.78% in year one, and rental yield stands at 9.12% at a $629,000 entry. Equity gained on principal adds $4,059/yr while 5% annual appreciation compounds into $173,781 by year five. Five-year ROI records 114.12% and total cumulative return in cash reaches $236,157. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,781/mo property income versus a $3,079/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.94 Acres lot
$N/A/sqft
No HOA
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
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Listed by: Jennifer Taylor • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3981548