48 Old Boonton RdDenvilleNJ07834
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 Denville at 48 Old Boonton Rd, Denville, NJ, 07834 generates $4,299/mo in rent, after a $6,113/mo payment. Total monthly income is $4,299/mo. Return on cash invested sits at 6.72% in year one, and rental yield is 4.13% on a $1,249,000 entry. Equity gained on principal adds $8,060/yr, while 5% annual appreciation builds toward $345,076 over five years. Five-year ROI reaches 33.27% and total cumulative return in cash sums $134,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,299/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07834, Denville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,165 (100%) |
| Owner Occupied HU | 5,802 (81.0%) |
| Renter Occupied HU | 1,043 (14.6%) |
| Vacant Housing Units | 320 ( 4.5%) |
| Median Home Value | $623,100 |
| Average Home Value | $672,428 |
Housing Distribution
Address Breakdown
Residential
7,081
Single Family
6,709
Multi-Family
372
Businesses
905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacqueline Fuchs • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3986509