2 Louise DrMilltownNJ08850
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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 2 Louise Dr, Milltown, NJ, 08850 offers a 8.51% rental yield on a $600,000 purchase with $4,254/mo rent. 92% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,769 over five years. Portfolio math shows five-year ROI at 104.1% and total cumulative return in cash at $205,500. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,254/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.27 Acres 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: CAROLYN G. BARSZCZ • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2607264R