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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 Mendham at 16 Wexford Dr, Mendham, NJ, 07945 offers $4,564/mo rent that, after a $3,132/mo payment. Total monthly income is $4,564/mo. Return on cash invested measures 15.89% in year one, and rental yield stands at 8.56% at a $640,000 entry. Equity gained on principal adds $4,130/yr while 5% annual appreciation compounds into $176,820 by year five. Five-year ROI records 84% and total cumulative return in cash reaches $176,862. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,564/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
3,484 sqft lot
$N/A/sqft
$735 monthly HOA
Neighborhood data shown for ZIP Code: 07945, Mendham, NJ area.
| 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 |
Residential
3,332
Single Family
3,293
Multi-Family
39
Businesses
261
Date | Event | Price |
|---|---|---|
| 2024-07-10 | Sold | $730,000 |
| 2024-06-14 | Pending sale | $599,000 |
| 2024-06-07 | Listed for sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-09 | $8841.24 | 0.24% | $359,400 | N/A |
| 2023-06-09 | $8819.68 | 2.94% | $359,400 | N/A |
| 2022-06-09 | $8568.10 | 1.79% | $359,400 | N/A |
Listed by: Susan Oldendorp • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3967788
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.
