877 Boonton AveBoontonNJ07005
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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
Investment property for sale in Boonton at 877 Boonton Ave, Boonton, NJ, 07005 with 5% annual appreciation on a $599,000 basis while $5,098/mo rent supports operations. Total monthly income totals $5,098/mo and a $2,932/mo payment preserves $828/mo for cash returns. Annual cash flow comes to $9,939/yr on $197,071 deployed, and return on cash invested reaches 25.1% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 10.21%. Five-year ROI measures 131.91% and total cumulative return in cash totals $259,966.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,098/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07005, Boonton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,397 (100%) |
| Owner Occupied HU | 4,336 (67.8%) |
| Renter Occupied HU | 1,837 (28.7%) |
| Vacant Housing Units | 224 ( 3.5%) |
| Median Home Value | $627,538 |
| Average Home Value | $682,012 |
Housing Distribution
Address Breakdown
Residential
6,315
Single Family
5,906
Multi-Family
409
Businesses
607
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Listed by: Lori Kaplan • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3973479