128 Old Forge RdMillingtonNJ07946
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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 Millington at 128 Old Forge Rd, Millington, NJ, 07946 earns from $3,145/mo rent with a $7,826/mo payment. Total monthly income totals $3,145/mo. ROI tracks 1.26% on current figures, and rental yield reads 2.36% at a $1,599,000 purchase. Equity gained on principal adds $10,318/yr, and 5% annual appreciation supports $441,774 over five years. Five-year ROI reaches 3.97% and total cumulative return in cash sums $20,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,145/mo property income instead of your personal income.
Single Family
Built in 1940
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07946, Millington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 1,026 (88.2%) |
| Renter Occupied HU | 111 ( 9.5%) |
| Vacant Housing Units | 26 ( 2.2%) |
| Median Home Value | $759,138 |
| Average Home Value | $792,037 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
88
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Listed by: Christina Roche • Nexthome Premier
Mls Name: GSMLS
Mls ID: #4007346