21 Homestead LnRooseveltNJ08555
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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 Roosevelt at 21 Homestead Ln, Roosevelt, NJ, 08555 offers a 10.82% rental yield on a $384,999 purchase with $3,470/mo rent. Total monthly income registers $3,470/mo, and a $1,884/mo payment leaves $726/mo available for distribution. Annual cash flow reaches $8,714/yr on $127,627 to close, and return on cash invested stands at 26.74% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 140.71% and total cumulative return in cash at $179,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,470/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08555, Roosevelt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 319 (100%) |
| Owner Occupied HU | 265 (83.1%) |
| Renter Occupied HU | 30 ( 9.4%) |
| Vacant Housing Units | 24 ( 7.5%) |
| Median Home Value | $449,432 |
| Average Home Value | $505,075 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
30
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Listed by: FRANK HUSSLEIN • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2604165R