1254B Hamilton CtLakewoodNJ08701
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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 1254B Hamilton Ct, Lakewood, NJ, 08701 offers $1,644/mo rent that, after a $881/mo payment, leaves $122/mo cash flow. Total monthly income is $1,644/mo, and annual cash flow is $1,464/yr on $59,670 cash. Return on cash invested measures 22.36% in year one, and rental yield stands at 10.96% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 118.98% and total cumulative return in cash reaches $70,997. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,644/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$239 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: Robert Dekanski • Re/Max 1st Advantage
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950761
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