22 Raccoon Island RdLake HopatcongNJ07849
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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 Lake Hopatcong at 22 Raccoon Island Rd, Lake Hopatcong, NJ, 07849 with 5% annual appreciation on a $179,000 basis while $0/mo rent supports operations. 89% in year one. Equity gained on principal adds $1,155/yr, and five-year appreciation sums $49,454 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $876/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07849, Lake Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,894 (100%) |
| Owner Occupied HU | 2,946 (75.7%) |
| Renter Occupied HU | 548 (14.1%) |
| Vacant Housing Units | 400 (10.3%) |
| Median Home Value | $550,099 |
| Average Home Value | $686,331 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,573
Multi-Family
0
Businesses
320
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No similar rental properties found nearby.
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Listed by: Nicholas P Juba • Juba Team Realty
Mls Name: GSMLS
Mls ID: #3982105