5 Oleary RdWest 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
Rental property for sale in West Milford at 5 Oleary Rd, West Milford, NJ, 07480 generates $4,188/mo in rent and, after a $2,427/mo payment, leaves $653/mo in cash flow. Total monthly income is $4,188/mo, and annual cash flow is $7,842/yr on $164,391 invested. Return on cash invested sits at 24.68% in year one, and rental yield is 10.13% on a $495,900 entry. Equity gained on principal adds $3,200/yr, while 5% annual appreciation builds toward $137,008 over five years. Five-year ROI reaches 129.66% and total cumulative return in cash sums $213,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,188/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
9,147 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: Kasia Karolewska • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3956091
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