7 WINDING RIDGE ROADLake HopatcongNJ07849
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
Rental property for sale in Lake Hopatcong at 7 WINDING RIDGE ROAD, Lake Hopatcong, NJ, 07849 priced at $889,000 pairs $4,736/mo rent with after a $4,351/mo payment. Total monthly income equals $4,736/mo. Return on cash invested is 13.49% in year one, and rental yield stands at 6.39% on a $889,000 basis. Equity gained on principal adds $5,737/yr, and 5% annual appreciation accumulates to $245,614 by year five. Five-year ROI measures 69.65% and total cumulative return in cash reaches $203,714. For financing, Ziffy Mortgage’s DSCR program evaluates $4,736/mo property income against a $4,351/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07849, Lake Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,894 (100%) |
| Owner Occupied HU | 2,946 (75.7%) |
| Renter Occupied HU | 548 (14.1%) |
| Vacant Housing Units | 400 (10.3%) |
| Median Home Value | $550,099 |
| Average Home Value | $686,331 |
Housing Distribution
Address Breakdown
Residential
3,573
Single Family
3,573
Multi-Family
0
Businesses
320
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Listed by: Lori A. Caruso • Re/Max Select
Mls Name: GSMLS
Mls ID: #4004810