69 Fisher DrFranklin ParkNJ08823
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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 Franklin Park at 69 Fisher Dr, Franklin Park, NJ, 08823 priced at $285,000 pairs $1,914/mo rent with after a $1,395/mo payment. Total monthly income equals $1,914/mo. Return on cash invested is 18.42% in year one, and rental yield stands at 8.06% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 96.08% and total cumulative return in cash reaches $90,774. For financing, Ziffy Mortgage’s DSCR program evaluates $1,914/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08823, Franklin Park, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,847
Single Family
3,847
Multi-Family
0
Businesses
167
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Listed by: Christian Kavanaugh • Keller Williams Real Estate
Mls Name: GSMLS
Mls ID: #3995056