148 Mount Grove Rd, Califon, NJ, 07830 | $517/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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148 Mount Grove Rd, Califon, NJ, 07830 | $517/mo Cash Flow | Ziffy

For Sale

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 Califon at 148 Mount Grove Rd, Califon, NJ, 07830 listed at $499,900 pairs $4,080/mo rent with a $2,447/mo payment to leave $517/mo cash flow. Total monthly income runs $4,080/mo, and annual cash flow reaches $6,199/yr on $165,717 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.79% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 124.14% and total cumulative return in cash totals $205,728. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,080/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1822

3.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Step inside into circa 1800's and admire the times!This bank style home has kept its original charm with the beams in the ceilings & original wood floors.1st floor invites you into a charming living room with wood burning stove.The kitchen features original brick floors & offers an abundance of natural light!The formal dining room is absolutely beautiful with its original tin walls and ceiling which also gives you access to the enclosed porch , a very cozy space to unwind.2nd floor the charm continues with the original beams and wood floors in the den while also allowing direct access to the second level outdoor balcony. Jersey winding staircase will then lead you to the 3rd floor with 2 additional bedrooms. It's difficult to put in words just how charming & inviting this home actually is! Price reflects the need for a new septic.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07830, Califon, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,849 (100%)
Owner Occupied HU	2,402 (84.3%)
Renter Occupied HU	257 ( 9.0%)
Vacant Housing Units	190 ( 6.7%)
Median Home Value	$678,026
Average Home Value	$742,443