61 Minnehaha BlvdLake 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 61 Minnehaha Blvd, Lake Hiawatha, NJ, 07034 at $399,900 posts ROI 26.19% with $694/mo cash flow from $3,544/mo rent. Total monthly income equals $3,544/mo, and annual cash flow records $8,327/yr on $132,567 to close. Return on cash invested measures 26.19% and rental yield reads 10.63% at the current $399,900. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 by year five. Five-year ROI prints 137.74% and total cumulative return in cash totals $182,600.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,544/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Wilhalme • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3982154