34 Hoffman AveLake HiawathaNJ07034
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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 Lake Hiawatha at 34 Hoffman Ave, Lake Hiawatha, NJ, 07034 generates $2,880/mo in rent and, after a $1,713/mo payment, leaves $385/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $4,624/yr on $116,025 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 9.87% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 125.47% and total cumulative return in cash sums $145,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07034, Lake Hiawatha, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,222 (55.3%) |
| Renter Occupied HU | 1,677 (41.8%) |
| Vacant Housing Units | 117 ( 2.9%) |
| Median Home Value | $460,301 |
| Average Home Value | $491,363 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,709
Multi-Family
10
Businesses
189
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Listed by: Christina Lardin • R2M Realty, Inc.
Mls Name: NJMLS
Mls ID: #26000225