88 Louis DrMontvilleNJ07045
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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
Rental property for sale in Montville at 88 Louis Dr, Montville, NJ, 07045 offers $6,085/mo rent that, after a $4,053/mo payment, leaves $183/mo cash flow. Total monthly income is $6,085/mo, and annual cash flow is $2,194/yr on $272,412 cash. Return on cash invested measures 20.87% in year one, and rental yield stands at 8.82% at a $828,000 entry. Equity gained on principal adds $5,343/yr while 5% annual appreciation compounds into $228,761 by year five. Five-year ROI records 109.18% and total cumulative return in cash reaches $297,410. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,085/mo property income versus a $4,053/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
4,356 sqft 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: Brenda Lee • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls ID: #4004053