142 E Lakewood AvenueOcean GateNJ08740
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
Investment property for sale in Ocean Gate at 142 E Lakewood Avenue, Ocean Gate, NJ, 08740 at $400,000 posts ROI 20.6% with $77/mo cash flow from $2,928/mo rent. Total monthly income equals $2,928/mo, and annual cash flow records $920/yr on $132,600 to close. Return on cash invested measures 20.6% and rental yield reads 8.78% at the current $400,000. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 by year five. Five-year ROI prints 107.79% and total cumulative return in cash totals $142,936.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,928/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08740, Ocean Gate, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 610 (52.6%) |
| Renter Occupied HU | 244 (21.1%) |
| Vacant Housing Units | 305 (26.3%) |
| Median Home Value | $417,460 |
| Average Home Value | $555,467 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
43
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Listed by: Justin Calderon • Fathom Realty NJ
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22533304
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.