1 N Lake DrHightstownNJ08520
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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 Hightstown at 1 N Lake Dr, Hightstown, NJ, 08520 offers a 8.2% rental yield on a $235,000 purchase with $1,606/mo rent. 85% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 98.44% and total cumulative return in cash at $76,684. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,606/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08520, Hightstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,591 (100%) |
| Owner Occupied HU | 7,394 (63.8%) |
| Renter Occupied HU | 3,694 (31.9%) |
| Vacant Housing Units | 503 ( 4.3%) |
| Median Home Value | $427,988 |
| Average Home Value | $464,908 |
Housing Distribution
Address Breakdown
Residential
10,863
Single Family
10,018
Multi-Family
845
Businesses
786
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Listed by: Donna Moskowitz • Keller Williams Premier
Mls Name: Bright MLS
Mls ID: #NJME2069154