93 Edgewood DrFlorham ParkNJ07932
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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
Rental property for sale in Florham Park at 93 Edgewood Dr, Florham Park, NJ, 07932 priced at $1,839,000 converts $5,379/mo rent into after a $9,001/mo obligation. Total monthly income equals $5,379/mo. Return on cash invested prints 4.8% in year one, and rental yield reads 3.51% against a $1,839,000 entry. Equity gained on principal adds $11,867/yr, while 5% annual appreciation compiles into $508,082 by year five. Five-year ROI reaches 23% and total cumulative return in cash sums $137,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,379/mo property income covering a $9,001/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07932, Florham Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,361 (63.4%) |
| Renter Occupied HU | 1,590 (30.0%) |
| Vacant Housing Units | 352 ( 6.6%) |
| Median Home Value | $847,266 |
| Average Home Value | $919,098 |
Housing Distribution
Address Breakdown
Residential
5,407
Single Family
5,230
Multi-Family
177
Businesses
729
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Listed by: Maureen Mount • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4006068