51 Indian 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 51 Indian Rd, Denville, NJ, 07834 priced at $560,000 converts $4,670/mo rent into $678/mo cash flow after a $2,741/mo obligation. Total monthly income equals $4,670/mo, and annual cash flow totals $8,140/yr on $184,240 invested. Return on cash invested prints 24.48% in year one, and rental yield reads 10.01% against a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation compiles into $154,718 by year five. Five-year ROI reaches 128.57% and total cumulative return in cash sums $236,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,670/mo property income covering a $2,741/mo payment, not borrower’s personal income.
Single Family
Built in 1941
4,356 sqft 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
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Nearby investment properties with comparable prices
Listed by: Jennifer Hyatt • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961942
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