405 Washington St, Boonton, NJ, 07005 | $104/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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405 Washington St, Boonton, NJ, 07005 | $104/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Boonton at 405 Washington St, Boonton, NJ, 07005 with 5% annual appreciation on a $500,000 basis while $3,668/mo rent supports operations. Total monthly income totals $3,668/mo and a $2,447/mo payment preserves $104/mo for cash returns. Annual cash flow comes to $1,252/yr on $165,750 deployed, and return on cash invested reaches 20.66% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 8.8%. Five-year ROI measures 108.13% and total cumulative return in cash totals $179,228.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,668/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1900

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully renovated gem in the heart of Boonton! Be impressed the moment you step from the charming Lemonade Porch into an inviting open-concept living space that blends modern comfort with timeless character. The kitchen shines with stainless steel appliances, granite countertops, and a sleek slate tile floor perfect for cooking and entertaining.Gorgeous original hardwood floors flow throughout the home, adding warmth and elegance. Upstairs, you'll find two generously sized bedrooms and a fully updated bath featuring intricate designer details.This home is truly move-in ready with newer HVAC, windows, blinds, and appliances, including a washer and dryer. Outside, enjoy a fully fenced-in yard, ideal for pets, play, and outdoor gatherings.Situated just blocks from Boonton's vibrant Main Street, you'll enjoy easy access to shops, restaurants, schools, the train station for effortless commuting, and the Lakeland Bus Stop.Don't miss this exceptional opportunity this home will not last!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07005, Boonton, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,397 (100%)
Owner Occupied HU	4,336 (67.8%)
Renter Occupied HU	1,837 (28.7%)
Vacant Housing Units	224 ( 3.5%)
Median Home Value	$627,538
Average Home Value	$682,012