117 Erica RdLakewoodNJ08701
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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
Rental property for sale in Lakewood at 117 Erica Rd, Lakewood, NJ, 08701 priced at $410,200 pairs $3,380/mo rent with $456/mo cash flow after a $2,008/mo payment. Total monthly income equals $3,380/mo, and annual cash flow comes to $5,471/yr on $135,981 invested. Return on cash invested is 23.93% in year one, and rental yield stands at 9.89% on a $410,200 basis. Equity gained on principal adds $2,647/yr, and 5% annual appreciation accumulates to $113,331 by year five. Five-year ROI measures 125.64% and total cumulative return in cash reaches $170,846. For financing, Ziffy Mortgage’s DSCR program evaluates $3,380/mo property income against a $2,008/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.52 Acres 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: N/A • N/A
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