868 Meadow LnFranklin 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 868 Meadow Ln, Franklin Lakes, NJ, 07417 at $960,000 posts ROI 29.24% with $2,415/mo cash flow from $9,258/mo rent. Total monthly income equals $9,258/mo, and annual cash flow records $28,980/yr on $315,840 to close. Return on cash invested measures 29.24% and rental yield reads 11.57% at the current $960,000. Equity gained on principal adds $6,195/yr, and 5% annual appreciation supports $265,230 by year five. Five-year ROI prints 154.06% and total cumulative return in cash totals $486,573.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $9,258/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
1.45 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: Elliott Banen • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls ID: #3988890