159 Plane StBoontonNJ07005
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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 Boonton at 159 Plane St, Boonton, NJ, 07005 uses $132,600 cash to close to unlock $6,380/yr annual cash flow and $532/mo monthly cash flow. Total monthly income runs $3,383/mo, and a $1,958/mo payment keeps the spread at $532/mo. Purchase price stands at $400,000, and rental yield measures 10.15% with $3,383/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 129.88% and total cumulative return in cash records $172,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,383/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1910
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07005, Boonton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,397 (100%) |
| Owner Occupied HU | 4,336 (67.8%) |
| Renter Occupied HU | 1,837 (28.7%) |
| Vacant Housing Units | 224 ( 3.5%) |
| Median Home Value | $627,538 |
| Average Home Value | $682,012 |
Housing Distribution
Address Breakdown
Residential
6,315
Single Family
5,906
Multi-Family
409
Businesses
607
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Listed by: Anthony Frederico • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4007299