15 Carlson PlLake HiawathaNJ07034
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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
Rental property for sale in Lake Hiawatha at 15 Carlson Pl, Lake Hiawatha, NJ, 07034 priced at $599,000 converts $5,330/mo rent into $1,060/mo cash flow after a $2,932/mo obligation. Total monthly income equals $5,330/mo, and annual cash flow totals $12,723/yr on $197,071 invested. Return on cash invested prints 26.52% in year one, and rental yield reads 10.68% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 139.5% and total cumulative return in cash sums $274,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,330/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1960
4,791 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: Jill K. Biggs • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3982273