6 Lynn CtFlorham ParkNJ07932
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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
Rental property for sale in Florham Park at 6 Lynn Ct, Florham Park, NJ, 07932 priced at $489,000 converts $3,398/mo rent into after a $2,393/mo obligation. Total monthly income equals $3,398/mo. Return on cash invested prints 19.26% in year one, and rental yield reads 8.34% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 100.6% and total cumulative return in cash sums $163,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,398/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
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Listed by: Jason Kunzman • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3975244