18 Greensprings DriveLakewoodNJ08701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $3,589/mo, and a $2,765/mo payment. Purchase price stands at $565,000, and rental yield measures 7.62% with $3,589/mo rent. Return on cash invested shows 15.3% in year one, and 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 80.07% and total cumulative return in cash records $148,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,589/mo property income covering a $2,765/mo payment rather than investor’s personal income.
Single Family
Built in 1996
6,098 sqft lot
$N/A/sqft
$897 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08701, Lakewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,501 (100%) |
| Owner Occupied HU | 17,812 (47.5%) |
| Renter Occupied HU | 16,760 (44.7%) |
| Vacant Housing Units | 2,929 ( 7.8%) |
| Median Home Value | $566,588 |
| Average Home Value | $610,438 |
Housing Distribution
Address Breakdown
Residential
29,523
Single Family
27,488
Multi-Family
2,035
Businesses
3,052
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carolyn Proto • DeFelice Realty Group, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22511012
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.