4 Steeple Chase RoadMillstone TownshipNJ08535
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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 Millstone Township at 4 Steeple Chase Road, Millstone Township, NJ, 08535 listed at $1,125,000 pairs $5,810/mo rent with a $5,506/mo payment. Total monthly income runs $5,810/mo. Return on cash invested measures 13.08% in year one, and rental yield registers 6.2% at a $1,125,000 basis. Equity gained on principal adds $7,259/yr, and annual property appreciation at 5% supports $310,817 by year five. Five-year ROI tracks 67.39% and total cumulative return in cash totals $245,636. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,810/mo property income relative to a $5,506/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
1.85 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08535, Perrineville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,609 (100%) |
| Owner Occupied HU | 1,480 (92.0%) |
| Renter Occupied HU | 78 ( 4.8%) |
| Vacant Housing Units | 51 ( 3.2%) |
| Median Home Value | $850,548 |
| Average Home Value | $878,221 |
Housing Distribution
Address Breakdown
Residential
1,716
Single Family
1,716
Multi-Family
0
Businesses
186
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Listed by: Matthew Merritt • Keller Williams Realty Monmouth/Ocean
Mls Name: MOMLS
Mls Provider:
Mls ID: #22435910
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