96 Rector StreetMillburnNJ07041
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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 Millburn at 96 Rector Street, Millburn, NJ, 07041 priced at $609,000 converts $4,016/mo rent into after a $2,981/mo obligation. Total monthly income equals $4,016/mo. Return on cash invested prints 18.11% in year one, and rental yield reads 7.91% against a $609,000 entry. Equity gained on principal adds $3,930/yr, while 5% annual appreciation compiles into $168,255 by year five. Five-year ROI reaches 94.42% and total cumulative return in cash sums $189,173. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,016/mo property income covering a $2,981/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07041, Millburn, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,821 (100%) |
| Owner Occupied HU | 1,849 (65.5%) |
| Renter Occupied HU | 838 (29.7%) |
| Vacant Housing Units | 134 ( 4.8%) |
| Median Home Value | $981,149 |
| Average Home Value | $1,056,220 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,351
Multi-Family
404
Businesses
565
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Listed by: Joseph Krumpfer • Krumpfer Realty Group
Mls Name: GSMLS
Mls ID: #4004523