106 Spruce LnHighland LakesNJ07422
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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 Highland Lakes at 106 Spruce Ln, Highland Lakes, NJ, 07422 with 5% annual appreciation on a $240,000 basis while $2,288/mo rent supports operations. Total monthly income totals $2,288/mo and a $1,175/mo payment preserves $577/mo for cash returns. Annual cash flow comes to $6,924/yr on $79,560 deployed, and return on cash invested reaches 28.61% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 11.44%. Five-year ROI measures 150.74% and total cumulative return in cash totals $119,930.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,288/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07422, Highland Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,128 (100%) |
| Owner Occupied HU | 2,421 (77.4%) |
| Renter Occupied HU | 203 ( 6.5%) |
| Vacant Housing Units | 504 (16.1%) |
| Median Home Value | $375,528 |
| Average Home Value | $471,784 |
Housing Distribution
Address Breakdown
Residential
2,715
Single Family
2,715
Multi-Family
0
Businesses
60
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Listed by: Laura Alexis • The Coronato Realty Group
Mls Name: GSMLS
Mls ID: #3979004