103 Gelnaw LnMontvaleNJ07645
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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 Montvale at 103 Gelnaw Ln, Montvale, NJ, 07645 generates $3,240/mo in rent, after a $3,911/mo payment. Total monthly income is $3,240/mo. Return on cash invested sits at 8.85% in year one, and rental yield is 4.87% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 44.75% and total cumulative return in cash sums $117,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07645, Montvale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,621 (74.2%) |
| Renter Occupied HU | 801 (22.7%) |
| Vacant Housing Units | 111 ( 3.1%) |
| Median Home Value | $749,662 |
| Average Home Value | $804,210 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,611
Multi-Family
196
Businesses
532
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Listed by: Christine Frosini • Prominent Properties Sotheby's International Realty-Saddle River
Mls Name: NJMLS
Mls ID: #26001572