180B Sterling Court #BLakewoodNJ08701
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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 Lakewood at 180B Sterling Court #B, Lakewood, NJ, 08701 offers $1,568/mo rent that, after a $969/mo payment, leaves $157/mo cash flow. Total monthly income is $1,568/mo, and annual cash flow is $1,882/yr on $65,637 cash. Return on cash invested measures 22.78% in year one, and rental yield stands at 9.5% at a $198,000 entry. Equity gained on principal adds $1,278/yr while 5% annual appreciation compounds into $54,704 by year five. Five-year ROI records 119.44% and total cumulative return in cash reaches $78,400. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,568/mo property income versus a $969/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
1,742 sqft lot
$N/A/sqft
No 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
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Listed by: Kathleen L Pascocello • Weichert Realtors-Freehold
Mls Name: MoreMLS
Mls ID: #22537500