712 Wootton StBoontonNJ07005
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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
Rental property for sale in Boonton at 712 Wootton St, Boonton, NJ, 07005 priced at $499,900 pairs $4,228/mo rent with $665/mo cash flow after a $2,447/mo payment. Total monthly income equals $4,228/mo, and annual cash flow comes to $7,975/yr on $165,717 invested. Return on cash invested is 24.72% in year one, and rental yield stands at 10.15% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 129.89% and total cumulative return in cash reaches $215,244. For financing, Ziffy Mortgage’s DSCR program evaluates $4,228/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07005, Boonton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,397 (100%) |
| Owner Occupied HU | 4,336 (67.8%) |
| Renter Occupied HU | 1,837 (28.7%) |
| Vacant Housing Units | 224 ( 3.5%) |
| Median Home Value | $627,538 |
| Average Home Value | $682,012 |
Housing Distribution
Address Breakdown
Residential
6,315
Single Family
5,906
Multi-Family
409
Businesses
607
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Listed by: Bob Wilhalme • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3989093