18 Lake AveIsland HeightsNJ08732
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
Rental property for sale in Island Heights at 18 Lake Ave, Island Heights, NJ, 08732 priced at $474,900 pairs $3,422/mo rent with $37/mo cash flow after a $2,324/mo payment. Total monthly income equals $3,422/mo, and annual cash flow comes to $449/yr on $157,429 invested. Return on cash invested is 20.19% in year one, and rental yield stands at 8.65% on a $474,900 basis. Equity gained on principal adds $3,064/yr, and 5% annual appreciation accumulates to $131,206 by year five. Five-year ROI measures 105.62% and total cumulative return in cash reaches $166,271. For financing, Ziffy Mortgage’s DSCR program evaluates $3,422/mo property income against a $2,324/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08732, Island Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 795 (100%) |
| Owner Occupied HU | 601 (75.6%) |
| Renter Occupied HU | 91 (11.4%) |
| Vacant Housing Units | 103 (13.0%) |
| Median Home Value | $644,947 |
| Average Home Value | $745,761 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
129
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Nearby investment properties with comparable prices
Listed by: Sandy Bator • RE/MAX at Barnegat Bay - Toms River
Mls Name: Bright MLS
Mls ID: #NJOC2037346