14 Homestead LaneRooseveltNJ08555
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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
Investment property for sale in Roosevelt at 14 Homestead Lane, Roosevelt, NJ, 08555 with 5% annual appreciation on a $510,000 basis while $4,327/mo rent supports operations. Total monthly income totals $4,327/mo and a $2,496/mo payment preserves $692/mo for cash returns. Annual cash flow comes to $8,304/yr on $167,790 deployed, and return on cash invested reaches 25.01% in year one. Equity gained on principal adds $3,291/yr, and five-year appreciation sums $140,904 alongside rental yield of 10.18%. Five-year ROI measures 131.38% and total cumulative return in cash totals $220,443.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,327/mo property income versus a $2,496/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08555, Roosevelt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 319 (100%) |
| Owner Occupied HU | 265 (83.1%) |
| Renter Occupied HU | 30 ( 9.4%) |
| Vacant Housing Units | 24 ( 7.5%) |
| Median Home Value | $449,432 |
| Average Home Value | $505,075 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
30
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Listed by: Patricia Jasin • Elite Realtors Of New Jersey
Mls Name: MoreMLS
Mls ID: #22600040