9302 Richmond Rd BLDG 9 #302West MilfordNJ07480
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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 West Milford at 9302 Richmond Rd BLDG 9 #302, West Milford, NJ, 07480 earns $390/mo cash flow from $2,400/mo rent with a $1,380/mo payment. Total monthly income totals $2,400/mo, and annual cash flow totals $4,682/yr on $93,483 capital. ROI tracks 24.92% on current figures, and rental yield reads 10.21% at a $282,000 purchase. Equity gained on principal adds $1,820/yr, and 5% annual appreciation supports $77,911 over five years. Five-year ROI reaches 130.97% and total cumulative return in cash sums $122,437. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07480, West Milford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,286 (100%) |
| Owner Occupied HU | 5,345 (85.0%) |
| Renter Occupied HU | 532 ( 8.5%) |
| Vacant Housing Units | 409 ( 6.5%) |
| Median Home Value | $484,989 |
| Average Home Value | $513,997 |
Housing Distribution
Address Breakdown
Residential
6,214
Single Family
5,583
Multi-Family
631
Businesses
289
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Listed by: Gail Rifflard • Realty Executives Exceptional
Mls Name: GSMLS
Mls ID: #3985507