34 Trotters LnAllendaleNJ07401
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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
Rental property for sale in Allendale at 34 Trotters Ln, Allendale, NJ, 07401 priced at $682,000 converts $5,029/mo rent into $168/mo cash flow after a $3,338/mo obligation. Total monthly income equals $5,029/mo, and annual cash flow totals $2,014/yr on $224,378 invested. Return on cash invested prints 20.96% in year one, and rental yield reads 8.85% against a $682,000 entry. Equity gained on principal adds $4,401/yr, while 5% annual appreciation compiles into $188,424 by year five. Five-year ROI reaches 109.67% and total cumulative return in cash sums $246,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,029/mo property income covering a $3,338/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07401, Allendale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,486 (100%) |
| Owner Occupied HU | 2,029 (81.6%) |
| Renter Occupied HU | 321 (12.9%) |
| Vacant Housing Units | 136 ( 5.5%) |
| Median Home Value | $904,018 |
| Average Home Value | $998,549 |
Housing Distribution
Address Breakdown
Residential
2,371
Single Family
2,346
Multi-Family
25
Businesses
288
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Listed by: Karen Peters • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3979453