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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Franklin Park at 54 Magellan Way, Franklin Park, NJ, 08823 with 5% annual appreciation on a $724,900 basis while $4,393/mo rent supports operations. 17% in year one. Equity gained on principal adds $4,678/yr, and five-year appreciation sums $200,277 alongside rental yield of 7.27%. Five-year ROI measures 84% and total cumulative return in cash totals $200,325. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,393/mo property income versus a $3,548/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08823, Franklin Park, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,871 (100%) |
| Owner Occupied HU | 2,571 (66.4%) |
| Renter Occupied HU | 1,174 (30.3%) |
| Vacant Housing Units | 126 ( 3.3%) |
| Median Home Value | $394,233 |
| Average Home Value | $447,268 |
Residential
3,847
Single Family
3,847
Multi-Family
0
Businesses
167
Date | Event | Price |
|---|---|---|
| 2025-05-18 | Listed for sale | $724,900 |
| 2025-05-17 | Listing removed | $724,900 |
| 2025-05-03 | Listed for sale | $724,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-20 | $9802.78 | -0.15% | $560,800 | 9.79% |
| 2023-05-20 | $9817.57 | 3.26% | $510,800 | 6.24% |
| 2022-05-20 | $9507.76 | N/A | $480,800 | 11.61% |
Listed by: Matthew Gregorin • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2513809R
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