20 2nd St UNIT 2111Lake HiawathaNJ07034
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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
Total monthly income runs $2,394/mo, and a $4,053/mo payment. Purchase price stands at $828,000, and rental yield measures 3.47% with $2,394/mo rent. Return on cash invested shows 4.61% in year one, and 5% annual appreciation builds toward $228,761 over five years. Five-year ROI reaches 21.99% and total cumulative return in cash records $59,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $4,053/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07034, Lake Hiawatha, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,709
Multi-Family
10
Businesses
189
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Listed by: PAUL QI • REALTYLINE INC
Mls Name: HCMLS
Mls ID: #250011177
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.