41 Shongum Rd, Randolph, NJ, 07869 | 8.53% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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41 Shongum Rd, Randolph, NJ, 07869 | 8.53% Rental Yield | 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

Rental property for sale in Randolph at 41 Shongum Rd, Randolph, NJ, 07869 priced at $699,900 pairs $4,975/mo rent with after a $3,426/mo payment. Total monthly income equals $4,975/mo. Return on cash invested is 19.99% in year one, and rental yield stands at 8.53% on a $699,900 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,369 by year five. Five-year ROI measures 104.46% and total cumulative return in cash reaches $240,536. For financing, Ziffy Mortgage’s DSCR program evaluates $4,975/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1978

1.07 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained home nestled on a peaceful, tree-lined lot offering comfort, privacy, and charm. A private driveway leads through mature landscaping and lush greenery, setting the tone for the natural beauty surrounding the property.Inside, discover an inviting open layout filled with warmth and light. The main level features cathedral ceilings, mahogany hardwood floors, and seamless flow between the living and dining areas ideal for everyday living or entertaining. The dining area opens to a large elevated deck, perfect for morning coffee or evening gatherings.The kitchen is designed with stainless steel appliances, granite countertops, custom tile backsplash, and rich wood cabinetry for both style and function.Generously sized bedrooms feature hardwood floors, natural light, and ample closet space. The primary suite offers a tranquil retreat with peaceful views of surrounding trees. Bathrooms are tastefully maintained with timeless finishes. The spacious lower level includes a stunning brick fireplace and flexible living space great for a family room, home office, gym, or playroom.Outdoor living shines with a private backyard oasis, complete with a deck and lower patio ideal for barbecues or quiet moments. Conveniently located near schools, parks, shopping, and major commuter routes, this home offers comfort and accessibility in a serene setting. Enjoy the perfect blend of indoor and outdoor living, surrounded by nature's beauty year-round.

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