490 Knoll Rd, Boonton, NJ, 07005 | $203/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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490 Knoll Rd, Boonton, NJ, 07005 | $203/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 490 Knoll Rd, Boonton, NJ, 07005 earns $203/mo cash flow from $4,836/mo rent with a $3,181/mo payment. Total monthly income totals $4,836/mo, and annual cash flow totals $2,440/yr on $213,850 capital. ROI tracks 21.2% on current figures, and rental yield reads 8.93% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 110.98% and total cumulative return in cash sums $237,338. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,836/mo property income instead of your personal income.

Single Family

Built in 1960

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this inviting 3-bedroom, 1.5-bath ranch nestled on a spacious lot in a peaceful Parsippany neighborhood. With its welcoming front entrance, and solar-paneled roof, this home blends classic charm with modern potential. Step inside and discover open and airy large living room with cathedral ceiling, ideal for both relaxing and entertaining. All three bedrooms all on second floor with main bath. Ground floor has another large den with bar and fireplace, great for casual sitting and entertaining. A few steps away walked into the inclosed porch and enjoy all the season. Outside, your very own private retreat awaits featuring a beautifully maintained yard and a refreshing in-ground pool. The backyard offers the perfect balance of space, serenity, and opportunity for future expansion or customization. Whether you're dreaming of summer gatherings, tranquil mornings in your backyard oasis, or a place to grow into, this home offers a rare opportunity to make it your own.

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