12 Independence CtMontvilleNJ07045
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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 Montville at 12 Independence Ct, Montville, NJ, 07045 priced at $830,000 converts $4,870/mo rent into after a $4,062/mo obligation. Total monthly income equals $4,870/mo. Return on cash invested prints 13.35% in year one, and rental yield reads 7.04% against a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation compiles into $229,314 by year five. Five-year ROI reaches 69.65% and total cumulative return in cash sums $190,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,870/mo property income covering a $4,062/mo payment, not borrower’s personal income.
Condo
Built in 1992
0.31 Acres lot
$N/A/sqft
$481 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07045, Montville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,682 (88.9%) |
| Renter Occupied HU | 279 ( 6.7%) |
| Vacant Housing Units | 180 ( 4.3%) |
| Median Home Value | $758,258 |
| Average Home Value | $794,595 |
Housing Distribution
Address Breakdown
Residential
3,909
Single Family
3,909
Multi-Family
0
Businesses
354
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Nearby investment properties with comparable prices
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