203 Wiscasset RdHighland 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 203 Wiscasset Rd, Highland Lakes, NJ, 07422 with 5% annual appreciation on a $349,000 basis while $2,190/mo rent supports operations. 82% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 7.53%. Five-year ROI measures 87.54% and total cumulative return in cash totals $101,280. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,190/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.28 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: Carly Ebers • Ridge & Valley Re Corp
Mls Name: GSMLS
Mls ID: #3988899