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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Budd Lake at 23 Camelot Dr, Budd Lake, NJ, 07828 priced at $500,000 pairs $3,960/mo rent with $396/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,960/mo, and annual cash flow comes to $4,756/yr on $165,750 invested. Return on cash invested is 22.78% in year one, and rental yield stands at 9.5% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 119.48% and total cumulative return in cash reaches $198,032. For financing, Ziffy Mortgage’s DSCR program evaluates $3,960/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07828, Budd Lake, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,290 (100%) |
| Owner Occupied HU | 3,117 (49.6%) |
| Renter Occupied HU | 2,929 (46.6%) |
| Vacant Housing Units | 244 ( 3.9%) |
| Median Home Value | $530,689 |
| Average Home Value | $558,836 |
Residential
5,820
Single Family
5,820
Multi-Family
0
Businesses
290
Date | Event | Price |
|---|---|---|
| 2024-10-13 | Listed for sale | $500,000 |
| 2002-08-06 | Sold | $280,000 |
| 1995-04-10 | Sold | $166,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $9696.65 | -2.40% | $295,000 | N/A |
| 2022-10-17 | $9935.60 | 0.30% | $295,000 | N/A |
| 2021-10-17 | $9906.10 | 1.70% | $295,000 | N/A |
Listed by: Sharon K. Caruso • Re/Max Heritage Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927701
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
