6B Lakeside Dr BLDG 6 #BMillburnNJ07041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Millburn at 6B Lakeside Dr BLDG 6 #B, Millburn, NJ, 07041 at $449,000 posts ROI 16.24% with from $2,746/mo rent. Total monthly income equals $2,746/mo. Return on cash invested measures 16.24% and rental yield reads 7.34% at the current $449,000. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 by year five. Five-year ROI prints 84.44% and total cumulative return in cash totals $125,680. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,746/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1966
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Xiaoxian Chan • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3994593