146 Route 15LafayetteNJ07848
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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 Lafayette at 146 Route 15, Lafayette, NJ, 07848 listed at $235,000 pairs $3,698/mo rent with a $1,150/mo payment to leave $1,999/mo cash flow. Total monthly income runs $3,698/mo, and annual cash flow reaches $23,991/yr on $77,903 cash to close. Return on cash invested measures 50.71% in year one, and rental yield registers 18.88% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 269.39% and total cumulative return in cash totals $209,860. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,698/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07848, Lafayette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,860 (100%) |
| Owner Occupied HU | 1,552 (83.4%) |
| Renter Occupied HU | 242 (13.0%) |
| Vacant Housing Units | 66 ( 3.5%) |
| Median Home Value | $475,159 |
| Average Home Value | $543,935 |
Housing Distribution
Address Breakdown
Residential
1,736
Single Family
1,736
Multi-Family
0
Businesses
177
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Nearby investment properties with comparable prices
Listed by: Gary Nagurka • Re/Max Select
Mls Name: GSMLS
Mls Provider:
Mls ID: #3996191
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