309 Rutherford AveFranklinNJ07416
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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 Franklin at 309 Rutherford Ave, Franklin, NJ, 07416 uses $79,560 cash to close to unlock $3,286/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,175/mo payment keeps the spread at $274/mo. Purchase price stands at $240,000, and rental yield measures 10.41% with $2,081/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 126.74% and total cumulative return in cash records $100,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07416, Franklin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,613 (100%) |
| Owner Occupied HU | 1,648 (63.1%) |
| Renter Occupied HU | 697 (26.7%) |
| Vacant Housing Units | 268 (10.3%) |
| Median Home Value | $313,760 |
| Average Home Value | $346,314 |
Housing Distribution
Address Breakdown
Residential
2,311
Single Family
2,170
Multi-Family
141
Businesses
248
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Listed by: James J Leffler Iii • Re/Max House Values
Mls Name: GSMLS
Mls Provider:
Mls ID: #3996533
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