16 Glen Gary DrMendhamNJ07945
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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 Mendham at 16 Glen Gary Dr, Mendham, NJ, 07945 listed at $1,160,000 pairs $7,178/mo rent with a $5,678/mo payment. Total monthly income runs $7,178/mo. Return on cash invested measures 16.89% in year one, and rental yield registers 7.43% at a $1,160,000 basis. Equity gained on principal adds $7,485/yr, and annual property appreciation at 5% supports $320,487 by year five. Five-year ROI tracks 87.8% and total cumulative return in cash totals $330,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,178/mo property income relative to a $5,678/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07945, Mendham, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,570 (100%) |
| Owner Occupied HU | 3,022 (84.6%) |
| Renter Occupied HU | 378 (10.6%) |
| Vacant Housing Units | 170 ( 4.8%) |
| Median Home Value | $924,874 |
| Average Home Value | $1,061,027 |
Housing Distribution
Address Breakdown
Residential
3,332
Single Family
3,293
Multi-Family
39
Businesses
261
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Listed by: Michele Hill • Turpin Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3990538
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