11 CORTLAND PLACE, Skillman, NJ, 08558 | 7.36% Rental Yield

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11 CORTLAND PLACE, Skillman, NJ, 08558 | 7.36% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Investment property for sale in Skillman at 11 CORTLAND PLACE, Skillman, NJ, 08558 with 5% annual appreciation on a $840,000 basis while $5,155/mo rent supports operations. 45% in year one. Equity gained on principal adds $5,420/yr, and five-year appreciation sums $232,077 alongside rental yield of 7.36%. Five-year ROI measures 85.47% and total cumulative return in cash totals $236,210. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,155/mo property income versus a $4,111/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 2016

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 11 Cortland Place in Montgomery Ridge! This rarely available NORTHEAST facing Bryn Mawr model townhome offers the largest layout in the community, with only a handful of these highly sought-after homes ever hitting the market. Built in 2016, this newer home is known for its spacious design, prime location, and outstanding schools. Featuring 3 bedrooms, 2.5 baths, plus a versatile first-level bonus room perfect for an office or guest bedroom, it combines space and flexibility. The thoughtful layout provides abundant natural light throughout the day. Over $120K in upgrades elevate this home, including a fully finished basement, Blue Ridge hickory hardwood floors on the main level, recessed lighting throughout, a stylish backsplash, and freshly painted interiors. Enjoy your private deck and the benefits of a well-planned community with preserved green spaces, nearby parks, and the Sourland Preserve for hiking and outdoor recreation. Perfectly located between NYC and Philly, Montgomery Ridge is minutes from Princeton University, downtown Somerville, major highways, and top shopping spots. The township library, police station, and schools are just across the street or within a mile, making daily life exceptionally convenient. To top it off, Montgomery Township is home to a Blue Ribbon school district. Don't miss this rare opportunity to own a standout home in sought-after Montgomery Ridge! Also available for rent.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08558, Skillman, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,093 (100%)
Owner Occupied HU	2,602 (84.1%)
Renter Occupied HU	318 (10.3%)
Vacant Housing Units	173 ( 5.6%)
Median Home Value	$892,270
Average Home Value	$953,112