2 Canal StHighland LakesNJ07422
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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 Highland Lakes at 2 Canal St, Highland Lakes, NJ, 07422 uses $109,064 cash to close to unlock $7,947/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $3,007/mo, and a $1,610/mo payment keeps the spread at $662/mo. Purchase price stands at $329,000, and rental yield measures 10.97% with $3,007/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 143.18% and total cumulative return in cash records $156,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,007/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07422, Highland Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,128 (100%) |
| Owner Occupied HU | 2,421 (77.4%) |
| Renter Occupied HU | 203 ( 6.5%) |
| Vacant Housing Units | 504 (16.1%) |
| Median Home Value | $375,528 |
| Average Home Value | $471,784 |
Housing Distribution
Address Breakdown
Residential
2,715
Single Family
2,715
Multi-Family
0
Businesses
60
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Listed by: Cathy J. Miller • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3996141