371 Lake Shore South BLDG 371 #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 Lake Shore South BLDG 371 #E, Montague, NJ, 07827 offers a 9.05% rental yield on a $112,500 purchase with $848/mo rent. Total monthly income registers $848/mo, and a $551/mo payment leaves $46/mo available for distribution. Annual cash flow reaches $549/yr on $37,294 to close, and return on cash invested stands at 21.38% in year one. Equity gained on principal adds $726/yr while 5% annual appreciation supports $31,082 over five years. Portfolio math shows five-year ROI at 111.99% and total cumulative return in cash at $41,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $848/mo property income against a $551/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
0.46 Acres lot
$N/A/sqft
No 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 ID: #3981300