








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Mendham at 9 Florie Farm Rd, Mendham, NJ, 07945 offers a 5.18% rental yield on a $899,000 purchase with $3,881/mo rent. 81% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 49.89% and total cumulative return in cash at $147,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,881/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07945, Mendham, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,570 (100%) |
| Owner Occupied HU | 3,022 (84.6%) |
| Renter Occupied HU | 378 (10.6%) |
| Vacant Housing Units | 170 ( 4.8%) |
| Median Home Value | $924,874 |
| Average Home Value | $1,061,027 |
Residential
3,332
Single Family
3,293
Multi-Family
39
Businesses
261
Date | Event | Price |
|---|---|---|
| 2025-02-12 | Listed for sale | $899,000 |
| 2021-11-29 | Sold | $695,000 |
| 2021-08-31 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-18 | $14088.41 | 2.94% | $574,100 | N/A |
| 2022-02-18 | $13686.54 | 1.79% | $574,100 | N/A |
| 2021-02-18 | $13445.42 | 4.23% | $574,100 | N/A |



Listed by: Linda Heffernan • Turpin Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3944923
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