14 Glen Lake DrMedfordNJ08055
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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 Medford at 14 Glen Lake Dr, Medford, NJ, 08055 uses $244,776 cash to close to unlock $3,509/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $5,596/mo, and a $3,642/mo payment keeps the spread at $292/mo. Purchase price stands at $744,000, and rental yield measures 9.03% with $5,596/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $205,553 over five years. Five-year ROI reaches 112.56% and total cumulative return in cash records $275,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,596/mo property income covering a $3,642/mo payment rather than investor’s personal income.
Single Family
Built in 1982
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08055, Medford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,320 (100%) |
| Owner Occupied HU | 9,483 (83.8%) |
| Renter Occupied HU | 1,381 (12.2%) |
| Vacant Housing Units | 456 ( 4.0%) |
| Median Home Value | $541,260 |
| Average Home Value | $560,563 |
Housing Distribution
Address Breakdown
Residential
11,531
Single Family
11,489
Multi-Family
42
Businesses
1,049
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Listed by: Genevieve Haldeman • Keller Williams Realty - Medford
Mls Name: Bright MLS
Mls ID: #NJBL2089868