41 Conover 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
Rental property for sale in Millstone Township at 41 Conover Road, Millstone Township, NJ, 08535 generates $4,947/mo in rent, after a $6,852/mo payment. Total monthly income is $4,947/mo. Return on cash invested sits at 7.06% in year one, and rental yield is 4.24% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 35.1% and total cumulative return in cash sums $159,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,947/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.97 Acres lot
$N/A/sqft
No 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: David Borrero • RE/MAX Homeland Realtors
Mls Name: MoreMLS
Mls ID: #22534195