19 Savage Road BLDG C #3DenvilleNJ07834
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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 Denville at 19 Savage Road BLDG C #3, Denville, NJ, 07834 generates $2,783/mo in rent and, after a $1,346/mo payment, leaves $823/mo in cash flow. Total monthly income is $2,783/mo, and annual cash flow is $9,874/yr on $91,163 invested. Return on cash invested sits at 30.74% in year one, and rental yield is 12.14% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 162.16% and total cumulative return in cash sums $147,827. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,783/mo property income rather than buyer’s personal income.
Condo
Built in 1986
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07834, Denville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,165 (100%) |
| Owner Occupied HU | 5,802 (81.0%) |
| Renter Occupied HU | 1,043 (14.6%) |
| Vacant Housing Units | 320 ( 4.5%) |
| Median Home Value | $623,100 |
| Average Home Value | $672,428 |
Housing Distribution
Address Breakdown
Residential
7,081
Single Family
6,709
Multi-Family
372
Businesses
905
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Listed by: Mary Ryder • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #3991761