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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
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 Wharton at 322 Richard Mine Rd APT H4, Wharton, NJ, 07885 offers $0/mo rent that, after a $1,368/mo payment. Total monthly income is $0/mo. Return on cash invested measures -5.89% in year one, and rental yield stands at 0% at a $279,500 entry. Equity gained on principal adds $1,804/yr while 5% annual appreciation compounds into $77,221 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,368/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07885, Wharton, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,971 (100%) |
| Owner Occupied HU | 3,052 (61.4%) |
| Renter Occupied HU | 1,587 (31.9%) |
| Vacant Housing Units | 332 ( 6.7%) |
| Median Home Value | $417,827 |
| Average Home Value | $454,671 |
Residential
5,595
Single Family
4,794
Multi-Family
801
Businesses
309
Date | Event | Price |
|---|---|---|
| 2025-01-17 | Listed for sale | $279,500 |
| 2021-12-30 | Sold | $203,550 |
| 2021-09-09 | Listed for sale | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-28 | $4741.57 | 3.26% | $180,700 | 7.11% |
| 2022-01-28 | $4592.01 | -0.18% | $168,700 | 4.07% |
| 2021-01-28 | $4600.40 | 5.32% | $162,100 | 2.86% |
No similar rental properties found nearby.
Listed by: Alexander Baron • Howard Hanna Rand Realty, Morristown
Mls Name: NJMLS
Mls Provider:
Mls ID: #25001899
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-01-28 00:17:36 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
