4 Rumson CtWest MilfordNJ07421
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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
Investment property for sale in West Milford at 4 Rumson Ct, West Milford, NJ, 07421 uses $106,080 cash to close to unlock $7,324/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $2,891/mo, and a $1,566/mo payment keeps the spread at $610/mo. Purchase price stands at $320,000, and rental yield measures 10.84% with $2,891/mo rent. Return on cash invested shows 26.81% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 141.11% and total cumulative return in cash records $149,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,891/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07421, Hewitt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,267 (100%) |
| Owner Occupied HU | 2,440 (74.7%) |
| Renter Occupied HU | 346 (10.6%) |
| Vacant Housing Units | 481 (14.7%) |
| Median Home Value | $466,094 |
| Average Home Value | $531,077 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
3,038
Multi-Family
0
Businesses
202
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Listed by: Joseph S. Lehr Iv • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971369
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