17 Vale DrMountain LakesNJ07046
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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 Mountain Lakes at 17 Vale Dr, Mountain Lakes, NJ, 07046 offers $5,866/mo rent that, after a $3,328/mo payment, leaves $1,019/mo cash flow. Total monthly income is $5,866/mo, and annual cash flow is $12,225/yr on $223,720 cash. Return on cash invested measures 25.52% in year one, and rental yield stands at 10.35% at a $680,000 entry. Equity gained on principal adds $4,388/yr while 5% annual appreciation compounds into $187,871 by year five. Five-year ROI records 134.16% and total cumulative return in cash reaches $300,144. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,866/mo property income versus a $3,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07046, Mountain Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,439 (100%) |
| Owner Occupied HU | 1,306 (90.8%) |
| Renter Occupied HU | 85 ( 5.9%) |
| Vacant Housing Units | 48 ( 3.3%) |
| Median Home Value | $947,500 |
| Average Home Value | $1,083,040 |
Housing Distribution
Address Breakdown
Residential
1,455
Single Family
1,455
Multi-Family
0
Businesses
212
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Listed by: Jodie Sandman • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3955647
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