51 Hoffman AveLake HiawathaNJ07034
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
Investment property for sale in Lake Hiawatha at 51 Hoffman Ave, Lake Hiawatha, NJ, 07034 offers a 7.34% rental yield on a $549,000 purchase with $3,358/mo rent. 37% in year one. Equity gained on principal adds $3,543/yr while 5% annual appreciation supports $151,679 over five years. Portfolio math shows five-year ROI at 85.08% and total cumulative return in cash at $153,668. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,358/mo property income against a $2,687/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07034, Lake Hiawatha, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,222 (55.3%) |
| Renter Occupied HU | 1,677 (41.8%) |
| Vacant Housing Units | 117 ( 2.9%) |
| Median Home Value | $460,301 |
| Average Home Value | $491,363 |
Housing Distribution
Address Breakdown
Residential
3,719
Single Family
3,709
Multi-Family
10
Businesses
189
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Nearby investment properties with comparable prices
Listed by: Roberta Butera • Bhhs Horizon Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965819
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