144B Farrington CtLakewoodNJ08701
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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 144B Farrington Ct, Lakewood, NJ, 08701 priced at $164,700 converts $2,269/mo rent into $1,095/mo cash flow after a $806/mo obligation. Total monthly income equals $2,269/mo, and annual cash flow totals $13,142/yr on $54,598 invested. Return on cash invested prints 43.98% in year one, and rental yield reads 16.53% against a $164,700 entry. Equity gained on principal adds $1,063/yr, while 5% annual appreciation compiles into $45,504 by year five. Five-year ROI reaches 233.24% and total cumulative return in cash sums $127,345. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,269/mo property income covering a $806/mo payment, not borrower’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No 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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