219 Rachel CtFranklin ParkNJ08823
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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 Franklin Park at 219 Rachel Ct, Franklin Park, NJ, 08823 generates $2,970/mo in rent and, after a $1,724/mo payment, leaves $459/mo in cash flow. Total monthly income is $2,970/mo, and annual cash flow is $5,510/yr on $116,787 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 10.12% on a $352,300 entry. Equity gained on principal adds $2,273/yr, while 5% annual appreciation builds toward $97,334 over five years. Five-year ROI reaches 129.41% and total cumulative return in cash sums $151,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,970/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,847
Single Family
3,847
Multi-Family
0
Businesses
167
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A