115 Lexington CourtHolmdelNJ07733
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 Holmdel at 115 Lexington Court, Holmdel, NJ, 07733 priced at $501,000 converts $4,259/mo rent into $443/mo cash flow after a $2,452/mo obligation. Total monthly income equals $4,259/mo, and annual cash flow totals $5,317/yr on $164,829 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 10.2% against a $501,000 entry. Equity gained on principal adds $3,233/yr, while 5% annual appreciation compiles into $138,417 by year five. Five-year ROI reaches 122.82% and total cumulative return in cash sums $202,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,259/mo property income covering a $2,452/mo payment, not borrower’s personal income.
Condo
Built in 1997
6,098 sqft lot
$N/A/sqft
$245 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07733, Holmdel, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,092 (100%) |
| Owner Occupied HU | 5,308 (87.1%) |
| Renter Occupied HU | 538 ( 8.8%) |
| Vacant Housing Units | 246 ( 4.0%) |
| Median Home Value | $899,930 |
| Average Home Value | $980,202 |
Housing Distribution
Address Breakdown
Residential
5,879
Single Family
5,807
Multi-Family
72
Businesses
549
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judith Serhus • Diane Turton, Realtors-Wall
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22514346
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.