33 Concord Rd #DWest 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 33 Concord Rd #D, West Milford, NJ, 07480 priced at $349,888 pairs $2,760/mo rent with $266/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,760/mo, and annual cash flow comes to $3,187/yr on $115,988 invested. Return on cash invested is 22.66% in year one, and rental yield stands at 9.47% on a $349,888 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,668 by year five. Five-year ROI measures 118.83% and total cumulative return in cash reaches $137,823. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
N/A 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: Peter Kontrafouris • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4006476