206 Main St #1MillburnNJ07041
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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 Millburn at 206 Main St #1, Millburn, NJ, 07041 offers a 8.15% rental yield on a $348,000 purchase with $2,364/mo rent. 7% in year one. Equity gained on principal adds $2,246/yr while 5% annual appreciation supports $96,146 over five years. Portfolio math shows five-year ROI at 97.59% and total cumulative return in cash at $112,582. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,364/mo property income against a $1,703/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07041, Millburn, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,821 (100%) |
| Owner Occupied HU | 1,849 (65.5%) |
| Renter Occupied HU | 838 (29.7%) |
| Vacant Housing Units | 134 ( 4.8%) |
| Median Home Value | $981,149 |
| Average Home Value | $1,056,220 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,351
Multi-Family
404
Businesses
565
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Listed by: Binghu Zhang • Western-Eastern Realty
Mls Name: GSMLS
Mls ID: #4000738