11 Concord Rd BLDG 11 #CWest MilfordNJ07480
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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 West Milford at 11 Concord Rd BLDG 11 #C, West Milford, NJ, 07480 listed at $309,900 pairs $2,760/mo rent with a $1,517/mo payment to leave $551/mo cash flow. Total monthly income runs $2,760/mo, and annual cash flow reaches $6,611/yr on $102,732 cash to close. Return on cash invested measures 26.34% in year one, and rental yield registers 10.69% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 138.58% and total cumulative return in cash totals $142,368. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,760/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07480, West Milford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,286 (100%) |
| Owner Occupied HU | 5,345 (85.0%) |
| Renter Occupied HU | 532 ( 8.5%) |
| Vacant Housing Units | 409 ( 6.5%) |
| Median Home Value | $484,989 |
| Average Home Value | $513,997 |
Housing Distribution
Address Breakdown
Residential
6,214
Single Family
5,583
Multi-Family
631
Businesses
289
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Listed by: Brooke Lynn Rivas • Century 21 The Crossing
Mls Name: GSMLS
Mls ID: #3973942