43 Paddock AveHighland 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 43 Paddock Ave, Highland Lakes, NJ, 07422 uses $82,842 cash to close to unlock $4,907/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $2,190/mo, and a $1,223/mo payment keeps the spread at $409/mo. Purchase price stands at $249,900, and rental yield measures 10.52% with $2,190/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 135.83% and total cumulative return in cash records $112,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,190/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,454 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: Pamela Willard • Realty Executives Exceptional
Mls Name: GSMLS
Mls ID: #3982746