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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in High Bridge at 5 Lake Ave, High Bridge, NJ, 08829 offers $6,600/mo rent that, after a $3,157/mo payment, leaves $2,003/mo cash flow. Total monthly income is $6,600/mo, and annual cash flow is $24,030/yr on $212,205 cash. Return on cash invested measures 31.38% in year one, and rental yield stands at 12.28% at a $645,000 entry. Equity gained on principal adds $4,162/yr while 5% annual appreciation compounds into $178,202 by year five. Five-year ROI records 165.59% and total cumulative return in cash reaches $351,400. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,600/mo property income versus a $3,157/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08829, High Bridge, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,203 (78.8%) |
| Renter Occupied HU | 230 (15.1%) |
| Vacant Housing Units | 94 ( 6.2%) |
| Median Home Value | $346,416 |
| Average Home Value | $365,669 |
Residential
1,516
Single Family
1,516
Multi-Family
0
Businesses
82
Date | Event | Price |
|---|---|---|
| 2024-09-28 | Price change | $645,000 |
| 2024-09-03 | Listed for sale | $670,000 |
| 2023-11-29 | Sold | $670,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2139.11 | 7.41% | $54,100 | 13.42% |
| 2022-10-16 | $1991.48 | 1.83% | $47,700 | N/A |
| 2021-10-16 | $1955.70 | -0.75% | $47,700 | N/A |
Listed by: Vicki Oleary • Re/Max Heritage Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3921328
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
