21 Mondamin RdHighland LakesNJ07422
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
Investment Highlights
Rental property for sale in Highland Lakes at 21 Mondamin Rd, Highland Lakes, NJ, 07422 priced at $375,000 converts $3,352/mo rent into $680/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,352/mo, and annual cash flow totals $8,154/yr on $124,313 invested. Return on cash invested prints 26.47% in year one, and rental yield reads 10.73% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 139.25% and total cumulative return in cash sums $173,103. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,352/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1966
7,840 sqft 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: Cristina Bouzyla • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4002999