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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Boonton at 16 Overlook Rd, Boonton, NJ, 07005 offers $3,600/mo rent that, after a $2,936/mo payment. Total monthly income is $3,600/mo. Return on cash invested measures 15.95% in year one, and rental yield stands at 7.2% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 82.84% and total cumulative return in cash reaches $163,492. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,600/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07005, Boonton, NJ area.
| 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 |
Residential
6,315
Single Family
5,906
Multi-Family
409
Businesses
607
Date | Event | Price |
|---|---|---|
| 2025-02-18 | Listed for sale | $599,900 |
| 2020-11-04 | Sold | $417,000 |
| 2020-09-10 | Pending sale | $414,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-18 | $8456.48 | 26.20% | $341,400 | 23.65% |
| 2022-02-18 | $6700.95 | 2.19% | $276,100 | N/A |
| 2021-02-18 | $6557.38 | 2.59% | $276,100 | N/A |
Listed by: Kelly A. Nebesnak • Century 21 The Crossing
Mls Name: GSMLS
Mls Provider:
Mls ID: #3946395
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
