5 Millman LnVillasNJ08251
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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 Villas at 5 Millman Ln, Villas, NJ, 08251 priced at $420,000 pairs $1,735/mo rent with after a $2,056/mo payment. Total monthly income equals $1,735/mo. Return on cash invested is 9.06% in year one, and rental yield stands at 4.96% on a $420,000 basis. Equity gained on principal adds $2,710/yr, and 5% annual appreciation accumulates to $116,038 by year five. Five-year ROI measures 45.88% and total cumulative return in cash reaches $63,883. For financing, Ziffy Mortgage’s DSCR program evaluates $1,735/mo property income against a $2,056/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08251, Villas, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,477 (100%) |
| Owner Occupied HU | 3,461 (53.4%) |
| Renter Occupied HU | 832 (12.8%) |
| Vacant Housing Units | 2,184 (33.7%) |
| Median Home Value | $365,842 |
| Average Home Value | $440,472 |
Housing Distribution
Address Breakdown
Residential
5,043
Single Family
5,043
Multi-Family
0
Businesses
127
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Listed by: April Puesi • Coldwell Banker Excel Realty
Mls Name: Bright MLS
Mls ID: #NJCM2005688