5 Collins AveLake HopatcongNJ07849
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Lake Hopatcong at 5 Collins Ave, Lake Hopatcong, NJ, 07849 priced at $499,900 pairs $4,024/mo rent with $461/mo cash flow after a $2,447/mo payment. Total monthly income equals $4,024/mo, and annual cash flow comes to $5,527/yr on $165,717 invested. Return on cash invested is 23.24% in year one, and rental yield stands at 9.66% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 121.96% and total cumulative return in cash reaches $202,116. For financing, Ziffy Mortgage’s DSCR program evaluates $4,024/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07849, Lake Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,894 (100%) |
| Owner Occupied HU | 2,946 (75.7%) |
| Renter Occupied HU | 548 (14.1%) |
| Vacant Housing Units | 400 (10.3%) |
| Median Home Value | $550,099 |
| Average Home Value | $686,331 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,573
Multi-Family
0
Businesses
320
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Listed by: Dana Ferguson • Re/Max House Values
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927966
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