980 Franklin Lakes RoadFranklin LakesNJ07417
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 980 Franklin Lakes Road, Franklin Lakes, NJ, 07417 in Franklin Lakes earns a 8.85% gross yield at $895,000. Rent of $6,600/mo nets $221/mo after the $4,243/mo mortgage. The 1.56 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $247,272 and $7,503/yr in equity accumulation project a total cumulative return of $340,414.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $221 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,600 |
| Total Monthly Debt Service | $6,242 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A 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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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
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Listed by: Sean Farley • Terrie O'Connor Realtors-Lake St.
Mls Name: NJMLS
Mls Provider:
Mls ID: #26036455
