5 Evanston AveWest MilfordNJ07480
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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 West Milford at 5 Evanston Ave, West Milford, NJ, 07480 offers a 9.28% rental yield on a $289,999 purchase with $2,243/mo rent. Total monthly income registers $2,243/mo, and a $1,419/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,116/yr on $96,135 to close, and return on cash invested stands at 22.11% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,121 over five years. Portfolio math shows five-year ROI at 115.92% and total cumulative return in cash at $111,436. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,243/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
5,227 sqft 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
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Listed by: Farhan Malik • Realmart Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3935030
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