124 Lake DriveIsland HeightsNJ08732
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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 Island Heights at 124 Lake Drive, Island Heights, NJ, 08732 listed at $199,900 pairs $2,807/mo rent with a $978/mo payment to leave $1,383/mo cash flow. Total monthly income runs $2,807/mo, and annual cash flow reaches $16,591/yr on $66,267 cash to close. Return on cash invested measures 44.95% in year one, and rental yield registers 16.85% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 238.35% and total cumulative return in cash totals $157,945. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,807/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Lot
Built in N/A
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08732, Island Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 795 (100%) |
| Owner Occupied HU | 601 (75.6%) |
| Renter Occupied HU | 91 (11.4%) |
| Vacant Housing Units | 103 (13.0%) |
| Median Home Value | $644,947 |
| Average Home Value | $745,761 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
129
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Listed by: Robert Kilbride • Compass New Jersey, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22424259
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.