22 Lakeview TerWatchungNJ07069
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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 Watchung at 22 Lakeview Ter, Watchung, NJ, 07069 offers a 2.86% rental yield on a $979,000 purchase with $2,334/mo rent. 76% in year one. Equity gained on principal adds $6,317/yr while 5% annual appreciation supports $270,480 over five years. Portfolio math shows five-year ROI at 12.07% and total cumulative return in cash at $38,878. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,334/mo property income against a $4,792/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07069, Watchung, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,060 (100%) |
| Owner Occupied HU | 2,188 (71.5%) |
| Renter Occupied HU | 777 (25.4%) |
| Vacant Housing Units | 95 ( 3.1%) |
| Median Home Value | $835,962 |
| Average Home Value | $867,602 |
Housing Distribution
Address Breakdown
Residential
2,432
Single Family
2,330
Multi-Family
102
Businesses
280
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Listed by: Shih Hwei Himawan • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3981023