93 1st StMilltownNJ08850
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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 93 1st St, Milltown, NJ, 08850 offers a 8.57% rental yield on a $480,000 purchase with $3,427/mo rent. Total monthly income registers $3,427/mo, and a $2,349/mo payment leaves $6/mo available for distribution. Annual cash flow reaches $72/yr on $159,120 to close, and return on cash invested stands at 19.95% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 104.31% and total cumulative return in cash at $165,977. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,427/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
5,998 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: LUZ MARY MOLINA • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls ID: #2609068R