17 Lakeland DrivePort MonmouthNJ07758
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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 Port Monmouth at 17 Lakeland Drive, Port Monmouth, NJ, 07758 priced at $545,000 converts $3,296/mo rent into after a $2,668/mo obligation. Total monthly income equals $3,296/mo. Return on cash invested prints 16.12% in year one, and rental yield reads 7.26% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 83.71% and total cumulative return in cash sums $150,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,296/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07758, Port Monmouth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,869 (100%) |
| Owner Occupied HU | 1,529 (81.8%) |
| Renter Occupied HU | 269 (14.4%) |
| Vacant Housing Units | 71 ( 3.8%) |
| Median Home Value | $569,581 |
| Average Home Value | $682,402 |
Housing Distribution
Address Breakdown
Residential
1,856
Single Family
1,748
Multi-Family
108
Businesses
83
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Listed by: Mildred DeLucia • Berkshire Hathaway HomeServices Fox & Roach - Red Bank
Mls Name: MoreMLS
Mls ID: #22516789