3 Pierson LnFlorham ParkNJ07932
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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
Investment property for sale in Florham Park at 3 Pierson Ln, Florham Park, NJ, 07932 offers a 5.68% rental yield on a $1,249,000 purchase with $5,910/mo rent. 5% in year one. Equity gained on principal adds $8,060/yr while 5% annual appreciation supports $345,076 over five years. Portfolio math shows five-year ROI at 58.89% and total cumulative return in cash at $238,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,910/mo property income against a $6,113/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
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Listed by: Kim Panes • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3993837