117 Sagamore Rd, Millburn, NJ, 07041 | 3.84% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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117 Sagamore Rd, Millburn, NJ, 07041 | 3.84% 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

Rental property for sale in Millburn at 117 Sagamore Rd, Millburn, NJ, 07041 offers $5,680/mo rent that, after a $8,688/mo payment. Total monthly income is $5,680/mo. Return on cash invested measures 5.82% in year one, and rental yield stands at 3.84% at a $1,775,000 entry. Equity gained on principal adds $11,454/yr while 5% annual appreciation compounds into $490,400 by year five. Five-year ROI records 28.46% and total cumulative return in cash reaches $163,678. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,680/mo property income versus a $8,688/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1951

0.65 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful ranch-style home. The residence boasts an open layout with modern design elements, highlighted by clean lines and a warm, inviting atmosphere. Upon entering, you'll find a spacious, airy living area that flows seamlessly into the dining room and kitchen, perfect for effortless entertaining. With four generously sized bedrooms, this home offers ample space for comfort and tranquility. Each bedroom is thoughtfully designed, featuring plenty of closet space and large windows that frame lovely views of the surrounding landscape. Step outside to the new expansive yard, now featuring a beautifully designed new patio that creates an inviting outdoor retreat. One of the standout features of this property is its prime location, backing up to the picturesque South Mountain Reservation, providing a serene backdrop. Additionally, it's conveniently situated near the vibrant town of Millburn, where you can explore many dining options, shops, and cultural attractions. The town's excellent schools and community amenities further enhance its appeal. Discover your serene sanctuary in this stunning home, where modern elegance meets a tranquil setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07041, Millburn, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,821 (100%)
Owner Occupied HU	1,849 (65.5%)
Renter Occupied HU	838 (29.7%)
Vacant Housing Units	134 ( 4.8%)
Median Home Value	$981,149
Average Home Value	$1,056,220