279 Highland DrMilltownNJ08850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Milltown at 279 Highland Dr, Milltown, NJ, 08850 offers a 5.48% rental yield on a $599,000 purchase with $2,735/mo rent. 71% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 54.76% and total cumulative return in cash at $107,914. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,735/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08850, Milltown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,631 (83.4%) |
| Renter Occupied HU | 421 (13.3%) |
| Vacant Housing Units | 104 ( 3.3%) |
| Median Home Value | $495,554 |
| Average Home Value | $546,309 |
Housing Distribution
Address Breakdown
Residential
3,158
Single Family
3,146
Multi-Family
12
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GAIL MIKLOS • WINDING RIVER REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2605516R