71 Washington Ct, Towaco, NJ, 07082 | 8.5% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

71 Washington Ct, Towaco, NJ, 07082 | 8.5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
- sft

11 Harrison Ave, Rockaway, NJ, 07866

3 Bed
2 Bath
- sft

23A Hillcrest Rd, Warren, NJ, 07059

3 Bed
2 Bath
- sft

168 The Fellsway, New Providence, NJ, 07974

4 Bed
2 Bath
- sft

488 King George Rd, Basking Ridge, NJ, 07920

Nearby investment properties with comparable prices

3 Bed
3 Bath
- sft

642 Succasunna Rd, Landing, NJ, 07850

3 Bed
2 Bath
- sft

16 Overlook Rd, Boonton, NJ, 07005

3 Bed
2 Bath
1904 sft

71 Oakland Ave., Rockaway, NJ, 07866

2 Bed
2 Bath
1637 sft

113 Fischer Ct UNIT 113, Rockaway, NJ, 07866

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Towaco at 71 Washington Ct, Towaco, NJ, 07082 offers $4,250/mo rent that, after a $2,936/mo payment. Total monthly income is $4,250/mo. Return on cash invested measures 19.9% in year one, and rental yield stands at 8.5% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 104.04% and total cumulative return in cash reaches $205,336. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,250/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1992

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 71 Washington Court a beautifully updated townhouse tucked within the highly desirable Jade Mountain community in Towaco. This spacious and stylish home offers 2 bedrooms, 2.5 baths, and an attached garage, highlighted by soaring ceilings and a cozy gas fireplace that sets a warm, inviting tone. Recent upgrades elevate the entire home, including new flooring, renovated bathrooms, all-new lighting fixtures, modern vanities, and more. The kitchen features a large peninsula for extra seating and prep space, flowing effortlessly to your outdoor patio, perfect for morning coffee or outdoor gatherings, all while enjoying the serene, private backdrop the property backs up to. You'll also appreciate the convenient second-floor laundry room.The primary suite offers a walk-in closet and a spacious en-suite bath complete with a large soaking tub, double vanity, and stall shower creating a true retreat. Ideally located just minutes from the Towaco train station, shopping, dining (including the well-known Rails Steakhouse), major highways, and daily conveniences. Plus, you're part of the top-rated Montville School District and close to the Lake Valhalla Club. A perfect blend of comfort, style, and convenience move right in and enjoy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07082, Towaco, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,937 (100%)
Owner Occupied HU	1,726 (89.1%)
Renter Occupied HU	143 ( 7.4%)
Vacant Housing Units	68 ( 3.5%)
Median Home Value	$746,544
Average Home Value	$812,326