23 Bittner RdMillstone TownshipNJ08535
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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 23 Bittner Rd, Millstone Township, NJ, 08535 priced at $499,900 converts $3,184/mo rent into after a $2,447/mo obligation. Total monthly income equals $3,184/mo. Return on cash invested prints 17.16% in year one, and rental yield reads 7.64% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 89.34% and total cumulative return in cash sums $148,056. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,184/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08535, Perrineville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,609 (100%) |
| Owner Occupied HU | 1,480 (92.0%) |
| Renter Occupied HU | 78 ( 4.8%) |
| Vacant Housing Units | 51 ( 3.2%) |
| Median Home Value | $850,548 |
| Average Home Value | $878,221 |
Housing Distribution
Address Breakdown
Residential
1,716
Single Family
1,716
Multi-Family
0
Businesses
186
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Listed by: Daniel A. Razzano • DAVIS REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2515466R
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