106-108 Rt15LafayetteNJ07848
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 Lafayette at 106-108 Rt15, Lafayette, NJ, 07848 generates $3,122/mo in rent and, after a $1,958/mo payment, leaves $271/mo in cash flow. Total monthly income is $3,122/mo, and annual cash flow is $3,248/yr on $132,600 invested. Return on cash invested sits at 22.36% in year one, and rental yield is 9.37% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 117.21% and total cumulative return in cash sums $155,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,122/mo property income rather than buyer’s personal income.
Multi Family
Built in 1889
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07848, Lafayette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,860 (100%) |
| Owner Occupied HU | 1,552 (83.4%) |
| Renter Occupied HU | 242 (13.0%) |
| Vacant Housing Units | 66 ( 3.5%) |
| Median Home Value | $475,159 |
| Average Home Value | $543,935 |
Housing Distribution
Address Breakdown
Residential
1,736
Single Family
1,736
Multi-Family
0
Businesses
177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Ohab • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3972343