308 Washington AveMilltownNJ08850
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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 Milltown at 308 Washington Ave, Milltown, NJ, 08850 offers $4,025/mo rent that, after a $2,687/mo payment, leaves $112/mo cash flow. Total monthly income is $4,025/mo, and annual cash flow is $1,343/yr on $180,621 cash. Return on cash invested measures 20.8% in year one, and rental yield stands at 8.8% at a $549,000 entry. Equity gained on principal adds $3,543/yr while 5% annual appreciation compounds into $151,679 by year five. Five-year ROI records 108.85% and total cumulative return in cash reaches $196,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,025/mo property income versus a $2,687/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
10,258 sqft 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
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Listed by: MARY DIAZ RIERA • RARITAN BAY REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2607302R