121 Colony CircleLakewoodNJ08701
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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 121 Colony Circle, Lakewood, NJ, 08701 generates $2,730/mo in rent, after a $1,855/mo payment. Total monthly income is $2,730/mo. Return on cash invested sits at 18.99% in year one, and rental yield is 8.64% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 99.58% and total cumulative return in cash sums $125,111. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,730/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$125 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: Chaya Klein • One Real Estate Group, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22433291
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.