1190C Clydebank CourtLakewoodNJ08701
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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 1190C Clydebank Court, Lakewood, NJ, 08701 priced at $229,000 converts $2,148/mo rent into $200/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,148/mo, and annual cash flow totals $2,395/yr on $75,914 invested. Return on cash invested prints 23.06% in year one, and rental yield reads 11.26% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 122.83% and total cumulative return in cash sums $93,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,148/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Condo
Built in 1972
871.20 sqft lot
$N/A/sqft
$316 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: Debra Nisivoccia • Keller Williams Realty Ocean Living
Mls Name: MOMLS
Mls Provider:
Mls ID: #22504193
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.