2 Ridge Road EHighland LakesNJ07422
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderHigh DSCR is a competitive advantage at closing. 2 Ridge Road E, Highland Lakes, NJ, 07422 in Highland Lakes achieves 1.85, rent of $2,739/mo covers the $1,479/mo payment 1.5x over at $329,000. Rental yield 7.99%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $90,897 over five years, with $3,030/yr in principal reduction bringing total projected return to $151,511.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $(155) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,739 |
| Total Monthly Debt Service | $2,214 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Boutros • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961761
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