11 Michael AveMilltownNJ08850
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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 Milltown at 11 Michael Ave, Milltown, NJ, 08850 uses $183,582 cash to close to unlock $1,042/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $4,064/mo, and a $2,731/mo payment keeps the spread at $87/mo. Purchase price stands at $558,000, and rental yield measures 8.74% with $4,064/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $154,165 over five years. Five-year ROI reaches 107.9% and total cumulative return in cash records $198,085. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,064/mo property income covering a $2,731/mo payment rather than investor’s personal income.
Single Family
Built in 1983
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08850, Milltown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,631 (83.4%) |
| Renter Occupied HU | 421 (13.3%) |
| Vacant Housing Units | 104 ( 3.3%) |
| Median Home Value | $495,554 |
| Average Home Value | $546,309 |
Housing Distribution
Address Breakdown
Residential
3,158
Single Family
3,146
Multi-Family
12
Businesses
314
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Listed by: PATRICIA D. JOHNSON • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2610010R