24 Loantaka WayMadisonNJ07940
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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 Madison at 24 Loantaka Way, Madison, NJ, 07940 at $1,475,000 posts ROI 7.89% with from $5,544/mo rent. Total monthly income equals $5,544/mo. Return on cash invested measures 7.89% and rental yield reads 4.51% at the current $1,475,000. Equity gained on principal adds $9,518/yr, and 5% annual appreciation supports $407,515 by year five. Five-year ROI prints 39.56% and total cumulative return in cash totals $189,070. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,544/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07940, Madison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,092 (100%) |
| Owner Occupied HU | 3,918 (64.3%) |
| Renter Occupied HU | 1,929 (31.7%) |
| Vacant Housing Units | 245 ( 4.0%) |
| Median Home Value | $912,115 |
| Average Home Value | $1,040,997 |
Housing Distribution
Address Breakdown
Residential
5,860
Single Family
5,539
Multi-Family
321
Businesses
573
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Listed by: Scott Shuman • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #4007152