108 Petty Place #2LakewoodNJ08701
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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 108 Petty Place #2, Lakewood, NJ, 08701 listed at $419,900 pairs $3,048/mo rent with a $2,055/mo payment to leave $55/mo cash flow. Total monthly income runs $3,048/mo, and annual cash flow reaches $663/yr on $139,197 cash to close. Return on cash invested measures 20.39% in year one, and rental yield registers 8.71% at a $419,900 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,011 by year five. Five-year ROI tracks 106.65% and total cumulative return in cash totals $148,452. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,048/mo property income relative to a $2,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
1,742 sqft lot
$N/A/sqft
No 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: Irene Shepherd • Ruggeri Realty, LLC
Mls Name: MoreMLS
Mls ID: #22601790