59 Gristmill RdRandolphNJ07869
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
Investment property for sale in Randolph at 59 Gristmill Rd, Randolph, NJ, 07869 at $550,000 posts ROI 27.71% with $1,154/mo cash flow from $5,074/mo rent. Total monthly income equals $5,074/mo, and annual cash flow records $13,844/yr on $180,950 to close. Return on cash invested measures 27.71% and rental yield reads 11.07% at the current $550,000. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 145.9% and total cumulative return in cash totals $263,998.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,074/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07869, Randolph, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,544 (100%) |
| Owner Occupied HU | 6,953 (72.9%) |
| Renter Occupied HU | 2,335 (24.5%) |
| Vacant Housing Units | 256 ( 2.7%) |
| Median Home Value | $681,085 |
| Average Home Value | $728,556 |
Housing Distribution
Address Breakdown
Residential
9,418
Single Family
9,317
Multi-Family
101
Businesses
551
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Nearby investment properties with comparable prices
Listed by: Matthew O Hare • Coldwell Banker Realty Srv
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968222
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