1 Scenic East Drive #1107, Highlands, NJ, 07732 | 6.87% Rental Yield

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1 Scenic East Drive #1107, Highlands, NJ, 07732 | 6.87% Rental Yield | Ziffy

Pending

Ziffy Mortgage

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 Highlands at 1 Scenic East Drive #1107, Highlands, NJ, 07732 offers a 6.87% rental yield on a $499,900 purchase with $2,862/mo rent. 83% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 76.84% and total cumulative return in cash at $127,332. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,862/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1976

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious 1-bedroom suite condo, recently gutted and fully renovated to a modern standard. This bright, airy unit features a separate storage area and a designated parking spot in the garage which is under cover for added convenience. The open-concept layout with thoughtful design and efficient use of space, modern finishes, updated flooring, and fresh high end fixtures throughout makes it unique along with the generous bedroom plus a dedicated walk in closet. Among the amenities included are an Olympic size outdoor heated pool, fitness/gym facilities, sauna, changing rooms, tennis & pickleball courts, 24 hour front desk, rooftop club room and lounge area. Enjoy the spectacular panoramic views of the bay, including Sandy Hook beaches, the Ocean, New York City skyline,

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