31 W Joffre 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 31 W Joffre Ave, Milltown, NJ, 08850 generates $3,485/mo in rent, after a $2,447/mo payment. Total monthly income is $3,485/mo. Return on cash invested sits at 19.34% in year one, and rental yield is 8.36% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 101.03% and total cumulative return in cash sums $167,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,485/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
5,000 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: JOHN J. HORVATH • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2608361R