24 Alpine LnWest MilfordNJ07480
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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 West Milford at 24 Alpine Ln, West Milford, NJ, 07480 uses $180,621 cash to close to unlock $6,827/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $4,482/mo, and a $2,687/mo payment keeps the spread at $569/mo. Purchase price stands at $549,000, and rental yield measures 9.8% with $4,482/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash records $225,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,482/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07480, West Milford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,286 (100%) |
| Owner Occupied HU | 5,345 (85.0%) |
| Renter Occupied HU | 532 ( 8.5%) |
| Vacant Housing Units | 409 ( 6.5%) |
| Median Home Value | $484,989 |
| Average Home Value | $513,997 |
Housing Distribution
Address Breakdown
Residential
6,214
Single Family
5,583
Multi-Family
631
Businesses
289
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Listed by: Daniel Swarts • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3995586