32 Millburn RdLake HopatcongNJ07849
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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
Investment property for sale in Lake Hopatcong at 32 Millburn Rd, Lake Hopatcong, NJ, 07849 at $349,900 posts ROI 19.11% with from $2,417/mo rent. Total monthly income equals $2,417/mo. Return on cash invested measures 19.11% and rental yield reads 8.29% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 99.8% and total cumulative return in cash totals $115,758. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,417/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07849, Lake Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,894 (100%) |
| Owner Occupied HU | 2,946 (75.7%) |
| Renter Occupied HU | 548 (14.1%) |
| Vacant Housing Units | 400 (10.3%) |
| Median Home Value | $550,099 |
| Average Home Value | $686,331 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,573
Multi-Family
0
Businesses
320
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Listed by: Joseph Morreale • Re/Max Select
Mls Name: GSMLS
Mls ID: #4004769