223 Sapphire Ln BLDG 223 #223Franklin 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 223 Sapphire Ln BLDG 223 #223, Franklin Park, NJ, 08823 generates $1,875/mo in rent, after a $1,325/mo payment. Total monthly income is $1,875/mo. Return on cash invested sits at 19.18% in year one, and rental yield is 8.31% on a $270,777 entry. Equity gained on principal adds $1,747/yr, while 5% annual appreciation builds toward $74,811 over five years. Five-year ROI reaches 100.2% and total cumulative return in cash sums $89,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,875/mo property income rather than buyer’s personal income.
Townhouse
Built in 1990
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: Nancy Proctor • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3979929