951 Scioto DrFranklin 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
Investment property for sale in Franklin Lakes at 951 Scioto Dr, Franklin Lakes, NJ, 07417 projects strong ROI of 5.28%. Rental yield 3.66%. With 5% annual appreciation, the property builds $918,636 in value over five years. Equity growth combined delivers a projected five-year ROI of 25.54%, translating into $275,111 in total cumulative return on $1,077,300 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1965
1.40 Acres 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: EDUARDO LACSON • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2604401R