13 Locust Street, Highlands, NJ, 07732 | $860/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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13 Locust Street, Highlands, NJ, 07732 | $860/mo Cash Flow | Ziffy

For Sale

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 13 Locust Street, Highlands, NJ, 07732 at $575,000 posts ROI 25.51% with $860/mo cash flow from $4,958/mo rent. Total monthly income equals $4,958/mo, and annual cash flow records $10,318/yr on $189,175 to close. Return on cash invested measures 25.51% and rental yield reads 10.35% at the current $575,000. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 by year five. Five-year ROI prints 134.1% and total cumulative return in cash totals $253,691.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,958/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 2017

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Location, Location, Location! This adorable two-bedroom, one-and-a-half-bath Colonial is just steps from the beach! Enjoy stunning water and city skyline views, plus close proximity to great restaurants and the ferry-making commuting a breeze. Whether you're looking for a summer getaway, a year-round residence, or a smart investment opportunity, this home checks every box. Beautiful hardwood flooring runs throughout the entire home, adding warmth and charm to every room. The kitchen offers a full appliance package, and there's a convenient laundry room on the main level. Both bedrooms are generously sized with walk-in closets. Enjoy your morning coffee on the charming front porch or unwind in the fully fenced backyard, complete with a storage shed. The full unfinished basement offers ample storage or potential to finish for additional living space. Don't miss this rare opportunity to own a piece of the shore lifestyle!

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