83 Pear Tree Ln, Franklin Park, NJ, 08823 | 7.66% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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83 Pear Tree Ln, Franklin Park, NJ, 08823 | 7.66% Rental Yield | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Franklin Park at 83 Pear Tree Ln, Franklin Park, NJ, 08823 offers $3,000/mo rent that, after a $2,300/mo payment. Total monthly income is $3,000/mo. Return on cash invested measures 17.22% in year one, and rental yield stands at 7.66% at a $470,000 entry. Equity gained on principal adds $3,033/yr while 5% annual appreciation compounds into $129,852 by year five. Five-year ROI records 89.65% and total cumulative return in cash reaches $139,677. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1987

871.20 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained 3-bedroom, 2.5-bath townhome in the desirable Society Hill at Somerset in Franklin Park. Thoughtfully updated, this home blends modern style with comfort in a serene, tree-lined setting. The foyer and kitchen feature elegant stone flooring, while rich cherry wood floors flow through the living and bedroom areas. The updated kitchen boasts granite countertops, stainless steel appliances, and contemporary cabinetry, with a pass-through to the dining area and a spacious living room anchored by a charming brick fireplace. Upstairs, the large primary suite includes private bath. Two additional bedrooms share a stylishly updated full bath, and a second-floor laundry adds convenience. Enjoy peaceful wooded views from your private patio perfect for relaxing outdoors. Patio has 2 units of plentiful storage. Recent upgrades include newer windows, patio doors, HVAC system, hot water heater, and a roof maintained by the HOA. Community amenities include a pool, tennis courts, and a clubhouse in a professionally managed setting. Ideally located with easy access to NYC buses, NJ Transit, Routes 27 & 1, major highways, downtown Princeton, shopping, dining, and parks. Don't miss the chance to own this move-in ready gem schedule your showing today!

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