199 Lake AvenueIsland HeightsNJ08732
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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
Investment property for sale in Island Heights at 199 Lake Avenue, Island Heights, NJ, 08732 earns from $5,590/mo rent with a $8,076/mo payment. Total monthly income totals $5,590/mo. ROI tracks 6.52% on current figures, and rental yield reads 4.07% at a $1,650,000 purchase. Equity gained on principal adds $10,647/yr, and 5% annual appreciation supports $455,865 over five years. Five-year ROI reaches 32.19% and total cumulative return in cash sums $172,097. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,590/mo property income instead of your personal income.
Single Family
Built in 1998
0.62 Acres 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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Listed by: Patricia Pollack • Crossroads Realty Executive Office
Mls Name: MOMLS
Mls Provider:
Mls ID: #22512124
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.