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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 Budd Lake at 62 Wolfe Rd, Budd Lake, NJ, 07828 offers $3,960/mo rent that, after a $2,883/mo payment. Total monthly income is $3,960/mo. Return on cash invested measures 18.58% in year one, and rental yield stands at 8.07% at a $589,000 entry. Equity gained on principal adds $3,801/yr while 5% annual appreciation compounds into $162,730 by year five. Five-year ROI records 96.95% and total cumulative return in cash reaches $187,874. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $2,883/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07828, Budd Lake, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,290 (100%) |
| Owner Occupied HU | 3,117 (49.6%) |
| Renter Occupied HU | 2,929 (46.6%) |
| Vacant Housing Units | 244 ( 3.9%) |
| Median Home Value | $530,689 |
| Average Home Value | $558,836 |
Residential
5,820
Single Family
5,820
Multi-Family
0
Businesses
290
Date | Event | Price |
|---|---|---|
| 2024-10-19 | Listed for sale | $589,000 |
| 2018-03-02 | Listing removed | $1,600 |
| 2017-12-19 | Listed for rent | $1,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $7770.47 | -2.41% | $236,400 | N/A |
| 2022-11-12 | $7961.96 | 0.30% | $236,400 | N/A |
| 2021-11-12 | $7938.31 | 1.70% | $236,400 | N/A |
Listed by: Grace Stampf • Re/Max Heritage Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929993
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.
