22 Freeman Ave, Denville, NJ, 07834 | 5.86% Rental Yield

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 Denville at 22 Freeman Ave, Denville, NJ, 07834 generates $3,420/mo in rent, after a $3,426/mo payment. Total monthly income is $3,420/mo. Return on cash invested sits at 11.88% in year one, and rental yield is 5.86% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 61.01% and total cumulative return in cash sums $140,492. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,420/mo property income rather than buyer’s personal income.

Single Family

Built in 1980

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Denville's market is on fire and this updated home shows why! Renovated kitchen with modern style and function, stone fireplace in the family room, and separate dining room ideal for entertaining. Well maintained with newer roof (2020), updated chimney, gutter guards, and new front walkway for lasting value. Sliding doors open to a multi-level deck, perfect for relaxing or hosting outdoors. Prime location minutes to train station for easy NYC commute, 10 minutes to downtown Morristown, voted Morris County's best foodie destination. Walk to Green Acres parkland and historic "Beacon Hill site. Close to major highways, downtown Denville, buses, trains, and top-rated schools. The perfect mix of charm, updates, and convenience offering the best of Morris County living!

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