24 Forest RdBudd LakeNJ07828
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 Budd Lake at 24 Forest Rd, Budd Lake, NJ, 07828 offers $2,224/mo rent that, after a $1,615/mo payment. Total monthly income is $2,224/mo. Return on cash invested measures 18.51% in year one, and rental yield stands at 8.09% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 96.59% and total cumulative return in cash reaches $105,627. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,224/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07828, Budd Lake, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,820
Single Family
5,820
Multi-Family
0
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Holmquist • Keller Williams Metropolitan
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965257
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 2025 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.