216A Buckingham CourtLakewoodNJ08701
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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 Lakewood at 216A Buckingham Court, Lakewood, NJ, 08701 uses $44,719 cash to close to unlock $8,889/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $1,968/mo, and a $660/mo payment keeps the spread at $741/mo. Purchase price stands at $134,900, and rental yield measures 17.51% with $1,968/mo rent. Return on cash invested shows 39.79% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 213.26% and total cumulative return in cash records $95,369. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,968/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1968
871.20 sqft lot
$N/A/sqft
$266 monthly 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: Denise Koste • Coldwell Banker Riviera Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22435382
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.