18 Lakeview DriveKinnelonNJ07405
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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 Kinnelon at 18 Lakeview Drive, Kinnelon, NJ, 07405 offers $4,837/mo rent that, after a $3,426/mo payment. Total monthly income is $4,837/mo. Return on cash invested measures 19.27% in year one, and rental yield stands at 8.29% at a $699,900 entry. Equity gained on principal adds $4,516/yr while 5% annual appreciation compounds into $193,369 by year five. Five-year ROI records 100.61% and total cumulative return in cash reaches $231,668. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,837/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.58 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,017 (100%) |
| Owner Occupied HU | 5,399 (76.9%) |
| Renter Occupied HU | 1,364 (19.4%) |
| Vacant Housing Units | 254 ( 3.6%) |
| Median Home Value | $611,884 |
| Average Home Value | $677,545 |
Housing Distribution
Address Breakdown
Residential
6,892
Single Family
6,786
Multi-Family
106
Businesses
617
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $699,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-19 | $12436.82 | 4.25% | $429,300 | N/A |
| 2023-04-19 | $11929.24 | 3.35% | $429,300 | N/A |
| 2022-04-19 | $11542.87 | 1.89% | $429,300 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: Ranch
- Building Area: 1,700
- Living Area: 1,700 sqft
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit
- Cooling: 1 Unit
- Flooring: Carpet, Tile, Wood
- Interior Features: Workshop, Exercise Room, Den
- Exterior Features: N/A
- Parking Features: 2 Car Width, Asphalt, Attached Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Cable Available, Fiber Optic Available
- Sewer: Septic Tank
- Water Source: Private, Well
- Road Surface Type: N/A
School Information
- Elementary School: Kiel
- Middle School: Pearlmillr
- High School: Kinnelon
Listed by: Michelle Donus • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957274
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.