34 Park PlMountain 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
Investment property for sale in Mountain Lakes at 34 Park Pl, Mountain Lakes, NJ, 07046 with 5% annual appreciation on a $850,000 basis while $6,017/mo rent supports operations. 88% in year one. Equity gained on principal adds $5,485/yr, and five-year appreciation sums $234,839 alongside rental yield of 8.49%. Five-year ROI measures 103.91% and total cumulative return in cash totals $290,590. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,017/mo property income versus a $4,160/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A 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: Xiaoxing Zhao • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3974738
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