639 Canistear RdHighland LakesNJ07422
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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 639 Canistear Rd, Highland Lakes, NJ, 07422 priced at $832,999 converts $3,960/mo rent into after a $4,077/mo obligation. Total monthly income equals $3,960/mo. Return on cash invested prints 11.4% in year one, and rental yield reads 5.7% against a $832,999 entry. Equity gained on principal adds $5,375/yr, while 5% annual appreciation compiles into $230,142 by year five. Five-year ROI reaches 58.43% and total cumulative return in cash sums $160,140. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $4,077/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.33 Acres lot
$N/A/sqft
No 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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Listed by: Gloria J Testa • Century 21 Geba Realty
Mls Name: GSMLS
Mls ID: #3960559