206 Main St UNIT 78BMillburnNJ07041
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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 UNIT 78B, Millburn, NJ, 07041 offers a 8.23% rental yield on a $319,900 purchase with $2,194/mo rent. 28% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 85.61% and total cumulative return in cash at $90,788. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,194/mo property income against a $1,566/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
$234 monthly 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: Jeffrey Lattimer Jr. • Lattimer Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3951087
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