646 Morsetown 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
Investment property for sale in West Milford at 646 Morsetown Rd, West Milford, NJ, 07480 offers a 9.19% rental yield on a $479,900 purchase with $3,676/mo rent. Total monthly income registers $3,676/mo, and a $2,349/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,063/yr on $159,087 to close, and return on cash invested stands at 21.83% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,588 over five years. Portfolio math shows five-year ROI at 114.42% and total cumulative return in cash at $182,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,676/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
1 Acres 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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Nearby investment properties with comparable prices
Listed by: Avner Zvulun • Re/Max Select
Mls Name: GSMLS
Mls ID: #3974868