17 Lake Ave APT 2B, East Brunswick, NJ, 08816 | $323/mo Cash Flow

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17 Lake Ave APT 2B, East Brunswick, NJ, 08816 | $323/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in East Brunswick at 17 Lake Ave APT 2B, East Brunswick, NJ, 08816 listed at $290,000 pairs $2,390/mo rent with a $1,419/mo payment to leave $323/mo cash flow. Total monthly income runs $2,390/mo, and annual cash flow reaches $3,880/yr on $96,135 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.89% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 125.75% and total cumulative return in cash totals $120,892. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,390/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated 1-bedroom, 1-bath upper-level condo in the desirable Lake Estates community of East Brunswick. This well-maintained unit features a flexible layout with space for dining or a home office or a 2nd bedroom. The eat-in kitchen boasts granite countertops, a stylish backsplash, vinyl flooring, and brand-new appliances. The bathroom has been renovated. Enjoy a spacious living area filled with natural light and a cozy bedroom with ample closet space. Additional highlights include assigned parking, laundry in adjacent building (#16), and a monthly HOA fee that covers gas, Heat and water. Residents also enjoy access to a refreshing outdoor pool. Conveniently located near NYC buses, local public transportation, and major highways including Rt 18, Rt 1, and the NJ Turnpike. Minutes from Downtown New Brunswick, Rutgers University, hospitals, shopping, dining, and entertainment. Part of East Brunswick's award-winning Blue Ribbon School District. Perfect for first-time buyers, downsizers, or investors.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08816, East Brunswick, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,968 (100%)
Owner Occupied HU	13,823 (76.9%)
Renter Occupied HU	3,231 (18.0%)
Vacant Housing Units	914 ( 5.1%)
Median Home Value	$587,948
Average Home Value	$602,446