7 Lovell DrWanaqueNJ07465
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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
Investment property for sale in Wanaque at 7 Lovell Dr, Wanaque, NJ, 07465 listed at $529,000 pairs $4,522/mo rent with a $2,589/mo payment to leave $752/mo cash flow. Total monthly income runs $4,522/mo, and annual cash flow reaches $9,019/yr on $174,041 cash to close. Return on cash invested measures 25.24% in year one, and rental yield registers 10.26% at a $529,000 basis. Equity gained on principal adds $3,414/yr, and annual property appreciation at 5% supports $146,153 by year five. Five-year ROI tracks 132.65% and total cumulative return in cash totals $230,873. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,522/mo property income relative to a $2,589/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07465, Wanaque, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,696 (100%) |
| Owner Occupied HU | 2,141 (79.4%) |
| Renter Occupied HU | 418 (15.5%) |
| Vacant Housing Units | 137 ( 5.1%) |
| Median Home Value | $452,470 |
| Average Home Value | $468,856 |
Housing Distribution
Address Breakdown
Residential
2,654
Single Family
1,872
Multi-Family
782
Businesses
89
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Listed by: Michael Kaplan Jr • Prominent Properties Sir
Mls Name: GSMLS
Mls Provider:
Mls ID: #3986220
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