169 Knoll RdBoontonNJ07005
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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
Rental property for sale in Boonton at 169 Knoll Rd, Boonton, NJ, 07005 priced at $849,500 converts $3,600/mo rent into after a $4,158/mo obligation. Total monthly income equals $3,600/mo. Return on cash invested prints 9.52% in year one, and rental yield reads 5.09% against a $849,500 entry. Equity gained on principal adds $5,482/yr, while 5% annual appreciation compiles into $234,701 by year five. Five-year ROI reaches 48.32% and total cumulative return in cash sums $135,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $4,158/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.73 Acres 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: Nicholas T. Ralph • Nestquest Direct Nj Llc
Mls Name: GSMLS
Mls ID: #3970890