342 Center Grove RdRandolphNJ07869
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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 Randolph at 342 Center Grove Rd, Randolph, NJ, 07869 priced at $999,999 converts $6,133/mo rent into after a $4,895/mo obligation. Total monthly income equals $6,133/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 7.36% against a $999,999 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation compiles into $276,281 by year five. Five-year ROI reaches 85.41% and total cumulative return in cash sums $281,007. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,133/mo property income covering a $4,895/mo payment, not borrower’s personal income.
Single Family
Built in 1988
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07869, Randolph, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,544 (100%) |
| Owner Occupied HU | 6,953 (72.9%) |
| Renter Occupied HU | 2,335 (24.5%) |
| Vacant Housing Units | 256 ( 2.7%) |
| Median Home Value | $681,085 |
| Average Home Value | $728,556 |
Housing Distribution
Address Breakdown
Residential
9,418
Single Family
9,317
Multi-Family
101
Businesses
551
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Nearby investment properties with comparable prices
Listed by: Carla Bortnick • Keller Williams Metropolitan
Mls Name: GSMLS
Mls Provider:
Mls ID: #3969023
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