247 Gregory RdFranklin LakesNJ07417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakes at 247 Gregory Rd, Franklin Lakes, NJ, 07417 priced at $1,975,000 pairs $6,254/mo rent with after a $9,667/mo payment. Total monthly income equals $6,254/mo. Return on cash invested is 5.7% in year one, and rental yield stands at 3.8% on a $1,975,000 basis. Equity gained on principal adds $12,744/yr, and 5% annual appreciation accumulates to $545,656 by year five. Five-year ROI measures 27.8% and total cumulative return in cash reaches $177,894. For financing, Ziffy Mortgage’s DSCR program evaluates $6,254/mo property income against a $9,667/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07417, Franklin Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,239 (100%) |
| Owner Occupied HU | 3,398 (80.2%) |
| Renter Occupied HU | 492 (11.6%) |
| Vacant Housing Units | 349 ( 8.2%) |
| Median Home Value | $1,230,797 |
| Average Home Value | $1,303,390 |
Housing Distribution
Address Breakdown
Residential
4,151
Single Family
4,146
Multi-Family
5
Businesses
444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cara Smith • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3986047