295 Franklin RdDenvilleNJ07834
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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 Denville at 295 Franklin Rd, Denville, NJ, 07834 priced at $579,900 pairs $4,703/mo rent with $570/mo cash flow after a $2,838/mo payment. Total monthly income equals $4,703/mo, and annual cash flow comes to $6,839/yr on $190,787 invested. Return on cash invested is 23.64% in year one, and rental yield stands at 9.73% on a $579,900 basis. Equity gained on principal adds $3,742/yr, and 5% annual appreciation accumulates to $160,216 by year five. Five-year ROI measures 124.08% and total cumulative return in cash reaches $236,725. For financing, Ziffy Mortgage’s DSCR program evaluates $4,703/mo property income against a $2,838/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.95 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,081
Single Family
6,709
Multi-Family
372
Businesses
905
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Listed by: Bob Wilhalme • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4003980