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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% |
Investment property for sale in Mendham at 17 Summit Rd, Mendham, NJ, 07945 at $765,000 posts ROI 21.58% with $320/mo cash flow from $5,772/mo rent. Total monthly income equals $5,772/mo, and annual cash flow records $3,834/yr on $251,685 to close. Return on cash invested measures 21.58% and rental yield reads 9.05% at the current $765,000. Equity gained on principal adds $4,936/yr, and 5% annual appreciation supports $211,355 by year five. Five-year ROI prints 113.04% and total cumulative return in cash totals $284,495.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,772/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
1.36 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-07 | Sold | $765,000 |
| 2025-06-20 | Pending sale | $775,000 |
| 2025-05-31 | Price change | $775,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-11-02 | $15100.99 | 10.90% | $777,600 | 10.90% |
| 2024-11-02 | $13617.30 | 1.93% | $701,200 | 9.65% |
| 2023-11-02 | $13359.16 | 6.42% | $639,500 | 7.70% |
Listed by: Holly Suminski • Turpin Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3964017
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.
