3117 Franklin LnRockawayNJ07866
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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 Rockaway at 3117 Franklin Ln, Rockaway, NJ, 07866 earns $418/mo cash flow from $3,974/mo rent with a $2,442/mo payment. Total monthly income totals $3,974/mo, and annual cash flow totals $5,011/yr on $165,419 capital. ROI tracks 22.94% on current figures, and rental yield reads 9.56% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash sums $199,026. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,974/mo property income instead of your personal income.
Single Family
Built in 2002
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
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Listed by: Christina Scott • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3970936