88 Lindsey CtFranklin ParkNJ08823
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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 Franklin Park at 88 Lindsey Ct, Franklin Park, NJ, 08823 uses $115,826 cash to close to unlock $5,756/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $2,970/mo, and a $1,710/mo payment keeps the spread at $480/mo. Purchase price stands at $349,400, and rental yield measures 10.2% with $2,970/mo rent. Return on cash invested shows 24.88% in year one, and 5% annual appreciation builds toward $96,533 over five years. Five-year ROI reaches 130.73% and total cumulative return in cash records $151,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,970/mo property income covering a $1,710/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,847
Single Family
3,847
Multi-Family
0
Businesses
167
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Listed by: James Sturgis • BHHS Fox & Roach - Robbinsville
Mls Name: Bright MLS
Mls ID: #NJSO2004824