1700 Main Street #303Lake ComoNJ07719
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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 Lake Como at 1700 Main Street #303, Lake Como, NJ, 07719 offers a 8.05% rental yield on a $554,800 purchase with $3,724/mo rent. 55% in year one. Equity gained on principal adds $3,580/yr while 5% annual appreciation supports $153,281 over five years. Portfolio math shows five-year ROI at 96.74% and total cumulative return in cash at $176,573. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,724/mo property income against a $2,715/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2009
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07719, Belmar, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,164 (100%) |
| Owner Occupied HU | 6,722 (60.2%) |
| Renter Occupied HU | 2,565 (23.0%) |
| Vacant Housing Units | 1,877 (16.8%) |
| Median Home Value | $785,079 |
| Average Home Value | $830,829 |
Housing Distribution
Address Breakdown
Residential
10,145
Single Family
9,362
Multi-Family
783
Businesses
1,118
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Listed by: Maria Lehan • C21/ Mack Morris Iris Lurie
Mls Name: MoreMLS
Mls ID: #22526924