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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Boonton at 312 MAIN ST UNIT 0, Boonton, NJ, 07005 priced at $499,000 pairs $3,600/mo rent with $44/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,600/mo, and annual cash flow comes to $523/yr on $165,419 invested. Return on cash invested is 20.23% in year one, and rental yield stands at 8.66% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 105.76% and total cumulative return in cash reaches $174,954. For financing, Ziffy Mortgage’s DSCR program evaluates $3,600/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07005, Boonton, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,397 (100%) |
| Owner Occupied HU | 4,336 (67.8%) |
| Renter Occupied HU | 1,837 (28.7%) |
| Vacant Housing Units | 224 ( 3.5%) |
| Median Home Value | $627,538 |
| Average Home Value | $682,012 |
Residential
6,315
Single Family
5,906
Multi-Family
409
Businesses
607
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lawrence Brush • William Lawrence Agency
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954297
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
