221 S New Jersey AveLake HopatcongNJ07849
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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
Investment property for sale in Lake Hopatcong at 221 S New Jersey Ave, Lake Hopatcong, NJ, 07849 listed at $1,100,000 pairs $3,371/mo rent with a $5,384/mo payment. Total monthly income runs $3,371/mo. Return on cash invested measures 5.32% in year one, and rental yield registers 3.68% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 25.78% and total cumulative return in cash totals $91,867. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,371/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.34 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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Listed by: Christopher J. Edwards • Re/Max Town & Valley Ii
Mls Name: GSMLS
Mls ID: #3963225