1052B Shetland DriveLakewoodNJ08701
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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 Lakewood at 1052B Shetland Drive, Lakewood, NJ, 08701 uses $97,793 cash to close to unlock $1,658/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,444/mo payment keeps the spread at $138/mo. Purchase price stands at $295,000, and rental yield measures 10.74% with $2,640/mo rent. Return on cash invested shows 21.6% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 114.97% and total cumulative return in cash records $112,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1,742 sqft lot
$N/A/sqft
$399 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08701, Lakewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,501 (100%) |
| Owner Occupied HU | 17,812 (47.5%) |
| Renter Occupied HU | 16,760 (44.7%) |
| Vacant Housing Units | 2,929 ( 7.8%) |
| Median Home Value | $566,588 |
| Average Home Value | $610,438 |
Housing Distribution
Address Breakdown
Residential
29,523
Single Family
27,488
Multi-Family
2,035
Businesses
3,052
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Listed by: Lucy C Phelan • Keller Williams Elite
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22528343
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.