72 Summit DrDenvilleNJ07834
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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 Denville at 72 Summit Dr, Denville, NJ, 07834 generates $6,421/mo in rent and, after a $4,136/mo payment, leaves $398/mo in cash flow. Total monthly income is $6,421/mo, and annual cash flow is $4,774/yr on $278,005 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 9.12% on a $845,000 entry. Equity gained on principal adds $5,453/yr, while 5% annual appreciation builds toward $233,458 over five years. Five-year ROI reaches 114.06% and total cumulative return in cash sums $317,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,421/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.57 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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Nearby investment properties with comparable prices
Listed by: Yesenia Alcivar • Signature Realty Nj
Mls Name: GSMLS
Mls Provider:
Mls ID: #3935084
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