2 N Crane RdMountain 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
Investment property for sale in Mountain Lakes at 2 N Crane Rd, Mountain Lakes, NJ, 07046 uses $272,741 cash to close to unlock $19,423/yr annual cash flow and $1,619/mo monthly cash flow. Total monthly income runs $7,528/mo, and a $4,058/mo payment keeps the spread at $1,619/mo. Purchase price stands at $829,000, and rental yield measures 10.9% with $7,528/mo rent. Return on cash invested shows 27.18% in year one, and 5% annual appreciation builds toward $229,037 over five years. Five-year ROI reaches 143.05% and total cumulative return in cash records $390,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,528/mo property income covering a $4,058/mo payment rather than investor’s personal income.
Single Family
Built in 1922
0.41 Acres 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: Mary C. Menard • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957872
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