163 Grove StLodiNJ07644
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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 Lodi at 163 Grove St, Lodi, NJ, 07644 priced at $595,000 converts $2,640/mo rent into after a $2,912/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 10.25% in year one, and rental yield reads 5.32% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 52.25% and total cumulative return in cash sums $102,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07644, Lodi, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,567 (100%) |
| Owner Occupied HU | 4,236 (40.1%) |
| Renter Occupied HU | 5,912 (55.9%) |
| Vacant Housing Units | 419 ( 4.0%) |
| Median Home Value | $527,335 |
| Average Home Value | $585,640 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
8,453
Multi-Family
317
Businesses
737
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Listed by: Tyrone L. Pemberton • United Real Estate
Mls Name: GSMLS
Mls ID: #4001780