45 Mountainview Rd, Millburn, NJ, 07041 | 5.72% Rental Yield

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45 Mountainview Rd, Millburn, NJ, 07041 | 5.72% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $7,963/mo, and a $8,174/mo payment. Purchase price stands at $1,670,000, and rental yield measures 5.72% with $7,963/mo rent. Return on cash invested shows 11.63% in year one, and 5% annual appreciation builds toward $461,390 over five years. Five-year ROI reaches 59.61% and total cumulative return in cash records $322,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,963/mo property income covering a $8,174/mo payment rather than investor’s personal income.

Single Family

Built in 1936

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 5-bedroom Colonial, perfectly situated in Millburn's highly desirable South Mountain neighborhood. Blending timeless charm with modern convenience, this turnkey home is designed for effortless living. Step through the welcoming entry vestibule, complete with an oversized coat closet and foyer framed by French doors. The main level flows seamlessly, with open and sun-drenched living and dining areas, complemented by a cozy family room ideal for everyday gatherings. At the heart of the home, the chef's kitchen shines with a large center island, stone countertops, custom cabinetry, under-cabinet lighting, sleek finishes, and mostly new appliances. Upstairs, five spacious and versatile bedrooms provide comfort and flexibility for residents, guests, or home office needs, all served by renovated baths featuring fresh, modern design. The finished lower level adds even more living space with a bright recreation room, laundry, and ample storage. Outdoors, enjoy a private backyard retreat with newly designed patios and a level, fenced yard perfect for dining al fresco, lounging, or play. An oversized two-car garage and beautifully landscaped grounds complete the exterior. All this, in a prime location right next to the sought-after South Mountain Elementary School. Steps away from Millburn's top-rated upper schools, vibrant downtown, parks, direct train to Hoboken and NYC, & close to Newark Airport. This is more than a home, it's a lifestyle.

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