1 Vail RdLake HiawathaNJ07034
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Lake Hiawatha at 1 Vail Rd, Lake Hiawatha, NJ, 07034 priced at $575,000 converts $2,202/mo rent into after a $2,814/mo obligation. Total monthly income equals $2,202/mo. Return on cash invested prints 8.03% in year one, and rental yield reads 4.6% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 40.36% and total cumulative return in cash sums $76,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07034, Lake Hiawatha, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,222 (55.3%) |
| Renter Occupied HU | 1,677 (41.8%) |
| Vacant Housing Units | 117 ( 2.9%) |
| Median Home Value | $460,301 |
| Average Home Value | $491,363 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,709
Multi-Family
10
Businesses
189
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Listed by: Daryna Bondar • Addison Real Estate
Mls Name: GSMLS
Mls ID: #3999901