142 Colony CirLakewoodNJ08701
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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 142 Colony Cir, Lakewood, NJ, 08701 priced at $395,700 pairs $2,854/mo rent with after a $1,937/mo payment. Total monthly income equals $2,854/mo. Return on cash invested is 19.07% in year one, and rental yield stands at 8.66% on a $395,700 basis. Equity gained on principal adds $2,553/yr, and 5% annual appreciation accumulates to $109,325 by year five. Five-year ROI measures 100.01% and total cumulative return in cash reaches $131,182. For financing, Ziffy Mortgage’s DSCR program evaluates $2,854/mo property income against a $1,937/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$125 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: N/A • N/A
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