297 Shore DriveHighlandsNJ07732
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 Highlands at 297 Shore Drive, Highlands, NJ, 07732 priced at $539,900 converts $4,015/mo rent into $166/mo cash flow after a $2,643/mo obligation. Total monthly income equals $4,015/mo, and annual cash flow totals $1,995/yr on $177,627 invested. Return on cash invested prints 21.18% in year one, and rental yield reads 8.92% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 110.91% and total cumulative return in cash sums $196,999. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,015/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07732, Highlands, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,931 (100%) |
| Owner Occupied HU | 1,483 (50.6%) |
| Renter Occupied HU | 950 (32.4%) |
| Vacant Housing Units | 498 (17.0%) |
| Median Home Value | $609,888 |
| Average Home Value | $671,645 |
Housing Distribution
Address Breakdown
Residential
2,694
Single Family
2,306
Multi-Family
388
Businesses
128
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Listed by: Kevin T Gore • Weichert Realtors-Rumson
Mls Name: MoreMLS
Mls ID: #22529376