3 Cranberry LnMontvaleNJ07645
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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
Total monthly income runs $4,002/mo, and a $5,678/mo payment. Purchase price stands at $1,160,000, and rental yield measures 4.14% with $4,002/mo rent. Return on cash invested shows 6.75% in year one, and 5% annual appreciation builds toward $320,487 over five years. Five-year ROI reaches 33.43% and total cumulative return in cash records $125,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,002/mo property income covering a $5,678/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
1,176 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07645, Montvale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,621 (74.2%) |
| Renter Occupied HU | 801 (22.7%) |
| Vacant Housing Units | 111 ( 3.1%) |
| Median Home Value | $749,662 |
| Average Home Value | $804,210 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,611
Multi-Family
196
Businesses
532
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Listed by: Maxwell Stokes • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3981122