9302 Richmond RdWest 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
Rental property for sale in West Milford at 9302 Richmond Rd, West Milford, NJ, 07480 generates $2,400/mo in rent and, after a $1,380/mo payment, leaves $390/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $4,682/yr on $93,483 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 10.21% on a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation builds toward $77,911 over five years. Five-year ROI reaches 130.97% and total cumulative return in cash sums $122,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Condo
Built in N/A
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 Realtors-Kinnelon
Mls Name: NJMLS
Mls ID: #25032137