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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lake Hiawatha at 2 Longview Ave, Lake Hiawatha, NJ, 07034 priced at $599,000 converts $4,445/mo rent into $175/mo cash flow after a $2,932/mo obligation. Total monthly income equals $4,445/mo, and annual cash flow totals $2,103/yr on $197,071 invested. Return on cash invested prints 21.13% in year one, and rental yield reads 8.9% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 110.6% and total cumulative return in cash sums $217,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,445/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07034, Lake Hiawatha, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,222 (55.3%) |
| Renter Occupied HU | 1,677 (41.8%) |
| Vacant Housing Units | 117 ( 2.9%) |
| Median Home Value | $460,301 |
| Average Home Value | $491,363 |
Residential
3,719
Single Family
3,709
Multi-Family
10
Businesses
189
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Manzur Ismailzada • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3963707
