129 Lake StWestwoodNJ07675
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Westwood at 129 Lake St, Westwood, NJ, 07675 offers $6,300/mo rent that, after a $2,932/mo payment, leaves $2,030/mo cash flow. Total monthly income is $6,300/mo, and annual cash flow is $24,363/yr on $197,071 cash. Return on cash invested measures 32.42% in year one, and rental yield stands at 12.62% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 171.17% and total cumulative return in cash reaches $337,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,300/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yvonne Chung • Prominent Properties Sotheby's International Realty-Englewood Cliffs
Mls Name: NJMLS
Mls ID: #25027566