34 Cypress StMillburnNJ07041
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
Rental property for sale in Millburn at 34 Cypress St, Millburn, NJ, 07041 priced at $1,088,888 pairs $6,287/mo rent with after a $5,330/mo payment. Total monthly income equals $6,287/mo. Return on cash invested is 15.35% in year one, and rental yield stands at 6.93% on a $1,088,888 basis. Equity gained on principal adds $7,026/yr, and 5% annual appreciation accumulates to $300,840 by year five. Five-year ROI measures 79.58% and total cumulative return in cash reaches $280,775. For financing, Ziffy Mortgage’s DSCR program evaluates $6,287/mo property income against a $5,330/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07041, Millburn, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,821 (100%) |
| Owner Occupied HU | 1,849 (65.5%) |
| Renter Occupied HU | 838 (29.7%) |
| Vacant Housing Units | 134 ( 4.8%) |
| Median Home Value | $981,149 |
| Average Home Value | $1,056,220 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,351
Multi-Family
404
Businesses
565
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Nearby investment properties with comparable prices
Listed by: Arlene Gorman Gonnella • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3962504
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