5 Old Gormley LnKinnelonNJ07405
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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
Investment Highlights
Investment property for sale in Kinnelon at 5 Old Gormley Ln, Kinnelon, NJ, 07405 earns from $3,370/mo rent with a $2,668/mo payment. Total monthly income totals $3,370/mo. ROI tracks 16.61% on current figures, and rental yield reads 7.42% at a $545,000 purchase. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 over five years. Five-year ROI reaches 86.37% and total cumulative return in cash sums $154,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,370/mo property income instead of your personal income.
Single Family
Built in 1930
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,017 (100%) |
| Owner Occupied HU | 5,399 (76.9%) |
| Renter Occupied HU | 1,364 (19.4%) |
| Vacant Housing Units | 254 ( 3.6%) |
| Median Home Value | $611,884 |
| Average Home Value | $677,545 |
Housing Distribution
Address Breakdown
Residential
6,892
Single Family
6,786
Multi-Family
106
Businesses
617
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Listed by: Mariya Vasylkiv • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3982550