2 Lucas LaneMillstone TownshipNJ08510
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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 Millstone Township at 2 Lucas Lane, Millstone Township, NJ, 08510 offers $6,047/mo rent that, after a $6,358/mo payment. Total monthly income is $6,047/mo. Return on cash invested measures 11.21% in year one, and rental yield stands at 5.59% at a $1,299,000 entry. Equity gained on principal adds $8,382/yr while 5% annual appreciation compounds into $358,890 by year five. Five-year ROI records 57.36% and total cumulative return in cash reaches $241,417. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,047/mo property income versus a $6,358/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
1.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08510, Clarksburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,763 (100%) |
| Owner Occupied HU | 1,607 (91.2%) |
| Renter Occupied HU | 113 ( 6.4%) |
| Vacant Housing Units | 43 ( 2.4%) |
| Median Home Value | $767,890 |
| Average Home Value | $821,714 |
Housing Distribution
Address Breakdown
Residential
1,657
Single Family
1,657
Multi-Family
0
Businesses
159
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Listed by: Felicia Ruskin • Coldwell Banker Realty
Mls Name: MoreMLS
Mls ID: #22536741