38 Park St 13-A UNIT AFlorham ParkNJ07932
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
Rental property for sale in Florham Park at 38 Park St 13-A UNIT A, Florham Park, NJ, 07932 offers $4,079/mo rent that, after a $2,838/mo payment. Total monthly income is $4,079/mo. Return on cash invested measures 16.9% in year one, and rental yield stands at 8.44% at a $579,900 entry. Equity gained on principal adds $3,742/yr while 5% annual appreciation compounds into $160,216 by year five. Five-year ROI records 88.94% and total cumulative return in cash reaches $169,693. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,079/mo property income versus a $2,838/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$448 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
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Nearby investment properties with comparable prices
Listed by: Margaret Sellers • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932531
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