1581 Sussex TurnpikeRandolphNJ07869
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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 Randolph at 1581 Sussex Turnpike, Randolph, NJ, 07869 earns from $2,854/mo rent with a $2,325/mo payment. Total monthly income totals $2,854/mo. ROI tracks 15.86% on current figures, and rental yield reads 7.21% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 82.36% and total cumulative return in cash sums $129,679. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,854/mo property income instead of your personal income.
Single Family
Built in 1875
0.98 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,418
Single Family
9,317
Multi-Family
101
Businesses
551
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Listed by: Moshe Groner • RE/MAX On the Move Realty
Mls Name: MoreMLS
Mls ID: #22535880