203 Shore DriveHighlandsNJ07732
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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 Highlands at 203 Shore Drive, Highlands, NJ, 07732 offers a 8.69% rental yield on a $529,000 purchase with $3,830/mo rent. Total monthly income registers $3,830/mo, and a $2,589/mo payment leaves $60/mo available for distribution. Annual cash flow reaches $715/yr on $174,041 to close, and return on cash invested stands at 20.47% in year one. Equity gained on principal adds $3,414/yr while 5% annual appreciation supports $146,153 over five years. Portfolio math shows five-year ROI at 107.07% and total cumulative return in cash at $186,341. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,830/mo property income against a $2,589/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07732, Highlands, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,931 (100%) |
| Owner Occupied HU | 1,483 (50.6%) |
| Renter Occupied HU | 950 (32.4%) |
| Vacant Housing Units | 498 (17.0%) |
| Median Home Value | $609,888 |
| Average Home Value | $671,645 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
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Listed by: Jill A Stewart • Realty Executives Exceptional
Mls Name: MoreMLS
Mls ID: #22535565