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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Highlands at 1 Scenic Drive UNIT 204, Highlands, NJ, 07732 generates $4,166/mo in rent, after a $2,692/mo payment. Total monthly income is $4,166/mo. Return on cash invested sits at 16.76% in year one, and rental yield is 9.09% on a $549,999 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 88.97% and total cumulative return in cash sums $160,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,166/mo property income rather than buyer’s personal income.
Condo
Built in 1976
0.69 Acres lot
$N/A/sqft
$743 monthly HOA
Neighborhood data shown for ZIP Code: 07732, Highlands, NJ area.
| 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 |
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $549,999 |
| 2023-05-05 | Sold | $370,000 |
| 2023-03-07 | Contingent | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $7722.00 | -1.30% | $390,000 | N/A |
| 2023-05-01 | $7823.40 | 7.03% | $390,000 | N/A |
| 2022-05-01 | $7309.44 | 133.84% | N/A | N/A |
Listed by: Valerie Vargas • Keller Williams Realty West Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22512454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
