384-B Lake Shore South BLDG 384 #B, Montague, NJ, 07827 | $170/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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384-B Lake Shore South BLDG 384 #B, Montague, NJ, 07827 | $170/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Montague at 384-B Lake Shore South BLDG 384 #B, Montague, NJ, 07827 uses $62,654 cash to close to unlock $2,039/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $925/mo payment keeps the spread at $170/mo. Purchase price stands at $189,000, and rental yield measures 9.63% with $1,517/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 121.52% and total cumulative return in cash records $76,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $925/mo payment rather than investor’s personal income.

Condo

Built in 1975

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

RENOVATED LAKE FRONT CONDO! This large (1,144 sq ft) ground-floor open-floorplan condo with private entrance (3 steps/stairs) was just renovated to feature new flooring and paint throughout, and new Kitchen cabinetry, granite counters, and full array of appliances. Walk out sliding doors allow you to enjoy the lakefront views/access from the covered ground-level 16' x 12' private patio. OTHER: Assigned Parking Spot + Guest, Washer/Dryer closet, ample Storage, and Public Water & Sewer! Amenities include Lake Access, huge Pool, Beach, Ball Field, Playground, Basketball Court, Tennis Courts, Dog Park, etc. In addition, integrated into the community is High Point Country Club's beautiful 18-hole public golf course, restaurant, patio and lounge. For outdoor enthusiasts, take advantage of the nearby High Point Monument State Park, hiking the Appalachian Trails, rafting the Delaware River, or skiing nearby resorts. Whether you live here or retreat here, your time on Holiday Lake will create memories. Nearby access to routes 84, 23, 206, and 6, or NJ Transit Train. Note, this condo is priced to sell quickly. $262/month Association Fees include CCHP Lake Association ($112/month for Amenities and common areas. . .will be $123 in 2026) and Condo 83 Building HOA ($150/month for building/property insurance, maintenance, snow removal, and reserve).

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