340 W Lakeshore DrHighland LakesNJ07422
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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 Highland Lakes at 340 W Lakeshore Dr, Highland Lakes, NJ, 07422 listed at $694,000 pairs $2,934/mo rent with a $3,397/mo payment. Total monthly income runs $2,934/mo. Return on cash invested measures 9.48% in year one, and rental yield registers 5.07% at a $694,000 basis. Equity gained on principal adds $4,478/yr, and annual property appreciation at 5% supports $191,739 by year five. Five-year ROI tracks 48.15% and total cumulative return in cash totals $109,936. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,934/mo property income relative to a $3,397/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07422, Highland Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,128 (100%) |
| Owner Occupied HU | 2,421 (77.4%) |
| Renter Occupied HU | 203 ( 6.5%) |
| Vacant Housing Units | 504 (16.1%) |
| Median Home Value | $375,528 |
| Average Home Value | $471,784 |
Housing Distribution
Address Breakdown
Residential
2,715
Single Family
2,715
Multi-Family
0
Businesses
60
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Listed by: Mariah Levy • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3994862