59 Church StMillburnNJ07041
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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 Millburn at 59 Church St, Millburn, NJ, 07041 priced at $1,399,999 pairs $7,577/mo rent with after a $6,852/mo payment. Total monthly income equals $7,577/mo. Return on cash invested is 14.02% in year one, and rental yield stands at 6.49% on a $1,399,999 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 72.41% and total cumulative return in cash reaches $328,447. For financing, Ziffy Mortgage’s DSCR program evaluates $7,577/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1923
8,712 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,351
Multi-Family
404
Businesses
565
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Listed by: Michael Martinetti • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3972892