40 Oval RdMillburnNJ07041
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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 Millburn at 40 Oval Rd, Millburn, NJ, 07041 earns from $3,682/mo rent with a $4,983/mo payment. Total monthly income totals $3,682/mo. ROI tracks 7.36% on current figures, and rental yield reads 4.34% at a $1,018,000 purchase. Equity gained on principal adds $6,569/yr, and 5% annual appreciation supports $281,255 over five years. Five-year ROI reaches 36.74% and total cumulative return in cash sums $121,179. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,682/mo property income instead of your personal income.
Single Family
Built in 1962
10,018 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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Listed by: Karen E. Bigos • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3977973