45 Heritage DrWest MilfordNJ07480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 45 Heritage Dr, West Milford, NJ, 07480 with 5% annual appreciation on a $1,145,000 basis while $2,760/mo rent supports operations. 9% in year one. Equity gained on principal adds $7,389/yr, and five-year appreciation sums $316,342 alongside rental yield of 2.89%. Five-year ROI measures 12.79% and total cumulative return in cash totals $47,436. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,760/mo property income versus a $5,604/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Tonge • Compass New Jersey, LLC-Hoboken
Mls Name: NJMLS
Mls ID: #25038010