69 Cedar Lake EastDenvilleNJ07834
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 Denville at 69 Cedar Lake East, Denville, NJ, 07834 listed at $1,074,900 pairs $4,080/mo rent with a $5,261/mo payment. Total monthly income runs $4,080/mo. Return on cash invested measures 8.03% in year one, and rental yield registers 4.55% at a $1,074,900 basis. Equity gained on principal adds $6,936/yr, and annual property appreciation at 5% supports $296,975 by year five. Five-year ROI tracks 40.31% and total cumulative return in cash totals $140,375. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,080/mo property income relative to a $5,261/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
0.29 Acres 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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Listed by: Darlene Schror • Redfin Corporation
Mls Name: GSMLS
Mls Provider:
Mls ID: #3987991
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