24 Lara Pl, Warren, NJ, 07059 | $820/mo Cash Flow

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24 Lara Pl, Warren, NJ, 07059 | $820/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Warren at 24 Lara Pl, Warren, NJ, 07059 earns $820/mo cash flow from $4,206/mo rent with a $2,325/mo payment. Total monthly income totals $4,206/mo, and annual cash flow totals $9,842/yr on $157,463 capital. ROI tracks 26.16% on current figures, and rental yield reads 10.63% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 137.61% and total cumulative return in cash sums $216,679. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,206/mo property income instead of your personal income.

Condo

Built in 2011

435.60 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to resort-style living, where home feels less like routine and more like reward. Gorgeous grounds, tree-lined walking paths and inviting amenities create a setting that feels special the moment you arrive. This first-floor condo is designed for modern everyday living with an open layout that connects the kitchen, dining, and living areas. Hardwood floors and large windows finished with custom Hunter Douglas shades bring in natural light and serene wooded views. The kitchen features granite counters, stainless steel appliances, white cabinetry, and an island with breakfast bar seating. The spacious primary suite includes a walk-in custom California closet and a dual-sink ensuite bathroom. A second bedroom, full bath, and in-unit laundry add convenience. The covered porch extends the living space outdoors. Upgrades include recessed lighting throughout, a new top-of-the-line HVAC system, and a new dishwasher, providing comfort and peace of mind. At the heart of the neighborhood is the impressive clubhouse, the hub of daily life at Four Seasons Promenade. With its fitness center, heated outdoor pool, bocce and billiards, concierge service, and a full calendar of social events, it truly sets this community apart. Whether it is a morning swim, an afternoon workout, a casual clubhouse gathering, or a quiet evening stroll, life at Four Seasons Promenade elevates everyday living. This is more than a place to live, it is a lifestyle to enjoy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07059, Warren, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,064 (100%)
Owner Occupied HU	5,162 (85.1%)
Renter Occupied HU	539 ( 8.9%)
Vacant Housing Units	363 ( 6.0%)
Median Home Value	$955,093
Average Home Value	$1,050,335