371-E Lake Shore S. UNIT EMontagueNJ07827
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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 Montague at 371-E Lake Shore S. UNIT E, Montague, NJ, 07827 earns $57/mo cash flow from $1,100/mo rent with a $646/mo payment. Total monthly income totals $1,100/mo, and annual cash flow totals $686/yr on $43,758 capital. ROI tracks 21.48% on current figures, and rental yield reads 10% at a $132,000 purchase. Equity gained on principal adds $852/yr, and 5% annual appreciation supports $36,469 over five years. Five-year ROI reaches 113.6% and total cumulative return in cash sums $49,711. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,100/mo property income instead of your personal income.
Condo
Built in 1975
0.46 Acres lot
$N/A/sqft
$102 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07827, Montague, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,390 (67.4%) |
| Renter Occupied HU | 390 (18.9%) |
| Vacant Housing Units | 281 (13.6%) |
| Median Home Value | $354,938 |
| Average Home Value | $401,496 |
Housing Distribution
Address Breakdown
Residential
1,216
Single Family
1,216
Multi-Family
0
Businesses
90
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Listed by: Cheryl E. Pallaghy • High Point Real Estate, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3935888
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