2 Amethyst Way #1316, Franklin Park, NJ, 08823 | $189/mo Cash Flow

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2 Amethyst Way #1316, Franklin Park, NJ, 08823 | $189/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Franklin Park at 2 Amethyst Way #1316, Franklin Park, NJ, 08823 generates $2,968/mo in rent and, after a $1,908/mo payment, leaves $189/mo in cash flow. Total monthly income is $2,968/mo, and annual cash flow is $2,271/yr on $129,252 invested. Return on cash invested sits at 21.67% in year one, and rental yield is 9.13% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 113.52% and total cumulative return in cash sums $146,725. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,968/mo property income rather than buyer’s personal income.

Condo

Built in 1991

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunning Second-Floor End-Unit Condo with Vaulted Ceilings in a Prime Location! Welcome to 2 Amethyst Way! This beautifully appointed 2-bedroom, 2-bathroom second-floor end-unit condo in one of the most highly sought-after communities in the area! Featuring vaulted ceilings and large windows all around, this bright and airy home is bathed in natural light. Enjoy the ease of all-laminate flooring throughout, adding both style and durability to the space. The modern kitchen is a chefs delight, boasting stainless steel appliances, granite countertops, and plenty of cabinet space. The spacious primary suite offers a walk-in closet and a private ensuite bath, while the second bedroom and full bathroom provide ample space for family or guests. The unit also features a decent-sized laundry room with connections for both gas and electric dryers, making laundry convenient and hassle-free. Step out onto your private balcony, the perfect spot to relax and unwind. This unit also includes a new HVAC system, replaced just one year ago, ensuring year-round comfort and energy efficiency. As part of a vibrant community, youll have access to a sparkling pool, playgrounds, and sport courtsperfect for an active lifestyle. The location is unbeatable! Situated just minutes from Route 1, I-287, schools, hospitals, gyms, and premier shopping, youll have everything you need at your fingertips. Dont miss this incredible opportunity!! This unit is for sale by owner, please reach out to schedule an appointment. Phone 347 922 2305.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08823, Franklin Park, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,871 (100%)
Owner Occupied HU	2,571 (66.4%)
Renter Occupied HU	1,174 (30.3%)
Vacant Housing Units	126 ( 3.3%)
Median Home Value	$394,233
Average Home Value	$447,268