7 Lake StHighland LakesNJ07422
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 Highland Lakes at 7 Lake St, Highland Lakes, NJ, 07422 at $379,900 posts ROI 24.18% with $449/mo cash flow from $3,156/mo rent. Total monthly income equals $3,156/mo, and annual cash flow records $5,383/yr on $125,937 to close. Return on cash invested measures 24.18% and rental yield reads 9.97% at the current $379,900. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 by year five. Five-year ROI prints 127% and total cumulative return in cash totals $159,941.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,156/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
0.25 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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Nearby investment properties with comparable prices
Listed by: Laura R. Bellini • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3978880