53 Lonaconing RdHighland LakesNJ07422
Nearby investment properties with comparable rents
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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
Rental property for sale in Highland Lakes at 53 Lonaconing Rd, Highland Lakes, NJ, 07422 priced at $270,000 converts $1,816/mo rent into after a $1,322/mo obligation. Total monthly income equals $1,816/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 8.07% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 86.17% and total cumulative return in cash sums $77,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,816/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
$1,400 annually 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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Nearby investment properties with comparable prices
Listed by: Dawn Corbo • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3978634
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