27 Woodland AveMountain LakesNJ07046
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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
Rental property for sale in Mountain Lakes at 27 Woodland Ave, Mountain Lakes, NJ, 07046 generates $3,424/mo in rent, after a $2,692/mo payment. Total monthly income is $3,424/mo. Return on cash invested sits at 16.77% in year one, and rental yield is 7.47% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 87.21% and total cumulative return in cash sums $157,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,424/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07046, Mountain Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,439 (100%) |
| Owner Occupied HU | 1,306 (90.8%) |
| Renter Occupied HU | 85 ( 5.9%) |
| Vacant Housing Units | 48 ( 3.3%) |
| Median Home Value | $947,500 |
| Average Home Value | $1,083,040 |
Housing Distribution
Address Breakdown
Residential
1,455
Single Family
1,455
Multi-Family
0
Businesses
212
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Listed by: Julie Williams • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #3990036