79 Booream AveMilltownNJ08850
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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 Milltown at 79 Booream Ave, Milltown, NJ, 08850 earns from $3,452/mo rent with a $2,814/mo payment. Total monthly income totals $3,452/mo. ROI tracks 15.96% on current figures, and rental yield reads 7.2% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 82.87% and total cumulative return in cash sums $156,779. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,452/mo property income instead of your personal income.
Single Family
Built in 1918
6,481 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08850, Milltown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,631 (83.4%) |
| Renter Occupied HU | 421 (13.3%) |
| Vacant Housing Units | 104 ( 3.3%) |
| Median Home Value | $495,554 |
| Average Home Value | $546,309 |
Housing Distribution
Address Breakdown
Residential
3,158
Single Family
3,146
Multi-Family
12
Businesses
314
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Listed by: VICTOR VARGAS • BH HOMESERVICES FOX & ROACH
Mls Name: All Jersey MLS
Mls ID: #2604764R