302 Lindabury Ln, Tewksbury Twp, NJ, 07830 | 7% Rental Yield

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302 Lindabury Ln, Tewksbury Twp, NJ, 07830 | 7% Rental Yield | Ziffy

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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 Tewksbury Twp at 302 Lindabury Ln, Tewksbury Twp, NJ, 07830 offers a 7% rental yield on a $699,900 purchase with $4,080/mo rent. 32% in year one. Equity gained on principal adds $4,516/yr while 5% annual appreciation supports $193,369 over five years. Portfolio math shows five-year ROI at 79.46% and total cumulative return in cash at $182,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,080/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

A gem in sought-after Lamington Falls, the 26-unit townhouse complex in the picturesque Pottersville section of Tewksbury Township. Wonderfully private deck and backyard. New roof and gutters. Stunning light-filled residence, renovated in 2019, offering three bedrooms, two-and-a-half baths, living room with bay window and window seat and two-sided fireplace, designer kitchen with stainless-steel appliances, breakfast room/ family room with fireplace, dining room ( presently used as an office) and powder room complete the first floor. The second floor features a loft, Luxurious primary suite with sitting room, two-sided fireplace in the bedroom and primary bathroom, two additional bedrooms and hallway bathroom. There are pull-down stairs to the attic. Neutral decor. Two-car attached garage. Shopping, dining, schools, golf courses, fishing and equestrian facilities nearby. Convenient to Routes 287 and 78.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07830, Califon, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,849 (100%)
Owner Occupied HU	2,402 (84.3%)
Renter Occupied HU	257 ( 9.0%)
Vacant Housing Units	190 ( 6.7%)
Median Home Value	$678,026
Average Home Value	$742,443