2 Ridge Road EHighland 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 Ridge Road E, Highland Lakes, NJ, 07422 offers a 9.99% rental yield on a $329,000 purchase with $2,739/mo rent. Total monthly income registers $2,739/mo, and a $1,610/mo payment leaves $394/mo available for distribution. Annual cash flow reaches $4,731/yr on $109,064 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 127.36% and total cumulative return in cash at $138,909. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,739/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
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: Peter Boutros • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961761
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