11 Cheerful PlaceHighlandsNJ07732
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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 Highlands at 11 Cheerful Place, Highlands, NJ, 07732 offers a 5.6% rental yield on a $872,000 purchase with $4,070/mo rent. 09% in year one. Equity gained on principal adds $5,627/yr while 5% annual appreciation supports $240,918 over five years. Portfolio math shows five-year ROI at 56.73% and total cumulative return in cash at $162,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,070/mo property income against a $4,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
2,613 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
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Listed by: Jeannine Morris-Lombardi • Compass New Jersey LLC
Mls Name: MoreMLS
Mls ID: #22600090