873 Olentangy RdFranklin LakesNJ07417
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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
Investment Highlights
Total monthly income runs $6,600/mo, and a $6,828/mo payment. Purchase price stands at $1,395,000, and rental yield measures 5.68% with $6,600/mo rent. Return on cash invested shows 11.49% in year one, and 5% annual appreciation builds toward $385,413 over five years. Five-year ROI reaches 58.88% and total cumulative return in cash records $266,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $6,828/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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: Grazyna Ziarko • Christie's International Real Estate Group-Franklin Lakes
Mls Name: NJMLS
Mls ID: #25041668