351 High Crest DrWest 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 351 High Crest Dr, West Milford, NJ, 07480 priced at $525,989 converts $3,661/mo rent into after a $2,574/mo obligation. Total monthly income equals $3,661/mo. Return on cash invested prints 19.45% in year one, and rental yield reads 8.35% against a $525,989 entry. Equity gained on principal adds $3,394/yr, while 5% annual appreciation compiles into $145,321 by year five. Five-year ROI reaches 101.61% and total cumulative return in cash sums $175,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,661/mo property income covering a $2,574/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.32 Acres 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: Carol Lockenvitz • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls ID: #3969333