109 Echo LnHighland LakesNJ07422
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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 Highland Lakes at 109 Echo Ln, Highland Lakes, NJ, 07422 priced at $369,000 converts $3,208/mo rent into $461/mo cash flow after a $1,806/mo obligation. Total monthly income equals $3,208/mo, and annual cash flow totals $5,535/yr on $122,324 invested. Return on cash invested prints 24.43% in year one, and rental yield reads 10.43% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 128.77% and total cumulative return in cash sums $157,515. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,208/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1968
10,018 sqft lot
$N/A/sqft
$1,400 annually 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: Christine Tremain • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3931996
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