716 Galloping Hill RdFranklin LakesNJ07417
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 Franklin Lakes at 716 Galloping Hill Rd, Franklin Lakes, NJ, 07417 listed at $1,945,000 pairs $6,600/mo rent with a $9,520/mo payment. Total monthly income runs $6,600/mo. Return on cash invested measures 6.54% in year one, and rental yield registers 4.07% at a $1,945,000 basis. Equity gained on principal adds $12,551/yr, and annual property appreciation at 5% supports $537,368 by year five. Five-year ROI tracks 32.31% and total cumulative return in cash totals $203,587. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,600/mo property income relative to a $9,520/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07417, Franklin Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,239 (100%) |
| Owner Occupied HU | 3,398 (80.2%) |
| Renter Occupied HU | 492 (11.6%) |
| Vacant Housing Units | 349 ( 8.2%) |
| Median Home Value | $1,230,797 |
| Average Home Value | $1,303,390 |
Housing Distribution
Address Breakdown
Residential
4,151
Single Family
4,146
Multi-Family
5
Businesses
444
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Listed by: Jaimie Yannalfo • Keller Williams Village Square
Mls Name: GSMLS
Mls ID: #3968854