278 Wooley RdWest 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
Rental property for sale in West Milford at 278 Wooley Rd, West Milford, NJ, 07480 priced at $338,000 converts $4,562/mo rent into $1,591/mo cash flow after a $1,654/mo obligation. Total monthly income equals $4,562/mo, and annual cash flow totals $19,095/yr on $112,047 invested. Return on cash invested prints 36.95% in year one, and rental yield reads 16.2% against a $338,000 entry. Equity gained on principal adds $2,181/yr, while 5% annual appreciation compiles into $93,383 by year five. Five-year ROI reaches 197.67% and total cumulative return in cash sums $221,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,562/mo property income covering a $1,654/mo payment, not borrower’s personal income.
Single Family
Built in 1979
2.86 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A