8 Shawondasee RdHighland LakesNJ07422
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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 Highland Lakes at 8 Shawondasee Rd, Highland Lakes, NJ, 07422 priced at $190,000 pairs $1,463/mo rent with $109/mo cash flow after a $930/mo payment. Total monthly income equals $1,463/mo, and annual cash flow comes to $1,304/yr on $62,985 invested. Return on cash invested is 21.98% in year one, and rental yield stands at 9.24% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 115.19% and total cumulative return in cash reaches $72,552. For financing, Ziffy Mortgage’s DSCR program evaluates $1,463/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
9,147 sqft 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: Beka Mskhiladze • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #3987054