145 Lakeside AveFranklinvilleNJ08322
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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 Franklinville at 145 Lakeside Ave, Franklinville, NJ, 08322 offers a 9.01% rental yield on a $129,000 purchase with $969/mo rent. Total monthly income registers $969/mo, and a $631/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $599/yr on $42,764 to close, and return on cash invested stands at 21.31% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 111.57% and total cumulative return in cash at $47,713. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $969/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08322, Franklinville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 3,475 (85.1%) |
| Renter Occupied HU | 404 ( 9.9%) |
| Vacant Housing Units | 203 ( 5.0%) |
| Median Home Value | $396,279 |
| Average Home Value | $387,237 |
Housing Distribution
Address Breakdown
Residential
3,703
Single Family
3,702
Multi-Family
1
Businesses
180
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Listed by: Michele Jackson • Platinum Real Estate
Mls Name: Bright MLS
Mls ID: #NJGL2068308