132 Mcpeek RdLafayetteNJ07848
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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 Lafayette at 132 Mcpeek Rd, Lafayette, NJ, 07848 priced at $299,000 pairs $2,888/mo rent with $757/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,888/mo, and annual cash flow comes to $9,087/yr on $99,119 invested. Return on cash invested is 29.08% in year one, and rental yield stands at 11.59% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 153.27% and total cumulative return in cash reaches $151,918. For financing, Ziffy Mortgage’s DSCR program evaluates $2,888/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1982
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07848, Lafayette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,860 (100%) |
| Owner Occupied HU | 1,552 (83.4%) |
| Renter Occupied HU | 242 (13.0%) |
| Vacant Housing Units | 66 ( 3.5%) |
| Median Home Value | $475,159 |
| Average Home Value | $543,935 |
Housing Distribution
Address Breakdown
Residential
1,736
Single Family
1,736
Multi-Family
0
Businesses
177
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Listed by: Jason Kunzman • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #4003816