1 Scenic Drive Penthouse 4HighlandsNJ07732
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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
Total monthly income runs $3,713/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 6.85% with $3,713/mo rent. Return on cash invested shows 14.9% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 77.2% and total cumulative return in cash records $165,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,713/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Condo
Built in 1976
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07732, Highlands, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,931 (100%) |
| Owner Occupied HU | 1,483 (50.6%) |
| Renter Occupied HU | 950 (32.4%) |
| Vacant Housing Units | 498 (17.0%) |
| Median Home Value | $609,888 |
| Average Home Value | $671,645 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
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Listed by: David Wood • Weichert Realtors-Morristown
Mls Name: MoreMLS
Mls ID: #22533708