16 Prospect Point RdLake HopatcongNJ07849
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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 Hopatcong at 16 Prospect Point Rd, Lake Hopatcong, NJ, 07849 priced at $624,900 pairs $0/mo rent with after a $3,059/mo payment. Total monthly income equals $0/mo. Return on cash invested is -5.94% in year one, and rental yield stands at 0% on a $624,900 basis. Equity gained on principal adds $4,032/yr, and 5% annual appreciation accumulates to $172,648 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07849, Lake Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,894 (100%) |
| Owner Occupied HU | 2,946 (75.7%) |
| Renter Occupied HU | 548 (14.1%) |
| Vacant Housing Units | 400 (10.3%) |
| Median Home Value | $550,099 |
| Average Home Value | $686,331 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,573
Multi-Family
0
Businesses
320
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Darla Quaranta • Century 21 Geba Realty
Mls Name: GSMLS
Mls ID: #4001299