68 Horseneck RdMontvilleNJ07045
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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 Montville at 68 Horseneck Rd, Montville, NJ, 07045 generates $3,788/mo in rent, after a $5,041/mo payment. Total monthly income is $3,788/mo. Return on cash invested sits at 7.59% in year one, and rental yield is 4.41% on a $1,030,000 entry. Equity gained on principal adds $6,646/yr, while 5% annual appreciation builds toward $284,570 over five years. Five-year ROI reaches 37.96% and total cumulative return in cash sums $126,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,788/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07045, Montville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,682 (88.9%) |
| Renter Occupied HU | 279 ( 6.7%) |
| Vacant Housing Units | 180 ( 4.3%) |
| Median Home Value | $758,258 |
| Average Home Value | $794,595 |
Housing Distribution
Address Breakdown
Residential
3,909
Single Family
3,909
Multi-Family
0
Businesses
354
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Listed by: Nan Wang • Fathom Realty Nj
Mls Name: GSMLS
Mls ID: #3991256