1 Gorge Dr, Haskell, NJ, 07420 | $881/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Haskell at 1 Gorge Dr, Haskell, NJ, 07420 earns $881/mo cash flow from $4,800/mo rent with a $2,691/mo payment. Total monthly income totals $4,800/mo, and annual cash flow totals $10,571/yr on $180,917 capital. ROI tracks 25.9% on current figures, and rental yield reads 10.47% at a $549,900 purchase. Equity gained on principal adds $3,548/yr, and 5% annual appreciation supports $151,927 over five years. Five-year ROI reaches 136.19% and total cumulative return in cash sums $246,386. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,800/mo property income instead of your personal income.

Single Family

Built in 1984

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1 Gorge Dr, a beautifully renovated raised ranch located in the highly desirable Rainbow Lake section of Haskell (Wanaque). Completely updated, this warm, inviting home offers 4 generous bedrooms & 2 full baths. The main level features an open concept living & dining area, a newly upgraded gourmet kitchen w/ stainless steel appliances, custom cabinetry, quartz countertops & a center island, plus 3 spacious bedrooms & a full bath. Gleaming hardwood floors throughout. Sliders from the dining room lead to a beautifully re-done deck & above-ground pool, an ideal outdoor oasis with a big, private yard perfect for summer barbeques & gatherings. The lower level provides an additional large bedroom, home office, a spacious family room for entertainment w/ sliders to the landscaped backyard, & a combined laundry room & kitchenette w/ cooktop, & brand-new washer/dryer perfect for guests or an in-law suite. Also on this level are a full bath & utility room. Additional highlights include central air, upgraded electric & high-speed ethernet, a brand-new roof, abundant storage, & a large driveway that fits 5 cars. Low taxes! A block away from Rainbow Lake where residents enjoy swimming, fishing & boating in a private community-only setting. This home has an exceptional blend of vintage charm with lakeside lifestyle & commuter convenience. Close to shops, restaurants & major highways/transportation. A rare find in the Rainbow Lake area! Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07420, Haskell, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,919 (100%)
Owner Occupied HU	1,536 (80.0%)
Renter Occupied HU	325 (16.9%)
Vacant Housing Units	58 ( 3.0%)
Median Home Value	$389,264
Average Home Value	$404,006