135 Washington AveMilltownNJ08850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Milltown at 135 Washington Ave, Milltown, NJ, 08850 priced at $500,000 pairs $3,486/mo rent with after a $2,447/mo payment. Total monthly income equals $3,486/mo. Return on cash invested is 19.35% in year one, and rental yield stands at 8.37% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 101.07% and total cumulative return in cash reaches $167,516. For financing, Ziffy Mortgage’s DSCR program evaluates $3,486/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
8,197 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARGARET M. THURING • ERA CENTRAL LEVINSON
Mls Name: All Jersey MLS
Mls ID: #2603140R