37 Davis RdFranklinNJ07416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Franklin at 37 Davis Rd, Franklin, NJ, 07416 uses $112,379 cash to close to unlock $7,307/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $3,077/mo, and a $1,659/mo payment keeps the spread at $609/mo. Purchase price stands at $339,000, and rental yield measures 10.89% with $3,077/mo rent. Return on cash invested shows 26.41% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 139.14% and total cumulative return in cash records $156,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,077/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07416, Franklin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,613 (100%) |
| Owner Occupied HU | 1,648 (63.1%) |
| Renter Occupied HU | 697 (26.7%) |
| Vacant Housing Units | 268 (10.3%) |
| Median Home Value | $313,760 |
| Average Home Value | $346,314 |
Housing Distribution
Address Breakdown
Residential
2,311
Single Family
2,170
Multi-Family
141
Businesses
248
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Kistle • Kistle Realty, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3926247
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 2024 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.