17 Ripplewood DrRandolphNJ07869
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Randolph at 17 Ripplewood Dr, Randolph, NJ, 07869 offers $6,474/mo rent that, after a $6,730/mo payment. Total monthly income is $6,474/mo. Return on cash invested measures 11.41% in year one, and rental yield stands at 5.65% at a $1,375,000 entry. Equity gained on principal adds $8,873/yr while 5% annual appreciation compounds into $379,887 by year five. Five-year ROI records 58.43% and total cumulative return in cash reaches $260,298. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,474/mo property income versus a $6,730/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07869, Randolph, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,544 (100%) |
| Owner Occupied HU | 6,953 (72.9%) |
| Renter Occupied HU | 2,335 (24.5%) |
| Vacant Housing Units | 256 ( 2.7%) |
| Median Home Value | $681,085 |
| Average Home Value | $728,556 |
Housing Distribution
Address Breakdown
Residential
9,418
Single Family
9,317
Multi-Family
101
Businesses
551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mara Glauberg • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls ID: #3990197