24 Steenykill RdMontagueNJ07827
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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 Montague at 24 Steenykill Rd, Montague, NJ, 07827 with 5% annual appreciation on a $385,000 basis while $3,438/mo rent supports operations. Total monthly income totals $3,438/mo and a $1,884/mo payment preserves $694/mo for cash returns. Annual cash flow comes to $8,330/yr on $127,628 deployed, and return on cash invested reaches 26.44% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 10.72%. Five-year ROI measures 139.1% and total cumulative return in cash totals $177,526.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,438/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07827, Montague, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,390 (67.4%) |
| Renter Occupied HU | 390 (18.9%) |
| Vacant Housing Units | 281 (13.6%) |
| Median Home Value | $354,938 |
| Average Home Value | $401,496 |
Housing Distribution
Address Breakdown
Residential
1,216
Single Family
1,216
Multi-Family
0
Businesses
90
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Listed by: Karen Lind • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4005708