220 E Lake BlvdMedfordNJ08055
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
Investment property for sale in Medford at 220 E Lake Blvd, Medford, NJ, 08055 at $350,000 posts ROI 26.08% with $596/mo cash flow from $3,091/mo rent. Total monthly income equals $3,091/mo, and annual cash flow records $7,156/yr on $116,025 to close. Return on cash invested measures 26.08% and rental yield reads 10.6% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 137.17% and total cumulative return in cash totals $159,146.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,091/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
9,034 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08055, Medford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,320 (100%) |
| Owner Occupied HU | 9,483 (83.8%) |
| Renter Occupied HU | 1,381 (12.2%) |
| Vacant Housing Units | 456 ( 4.0%) |
| Median Home Value | $541,260 |
| Average Home Value | $560,563 |
Housing Distribution
Address Breakdown
Residential
11,531
Single Family
11,489
Multi-Family
42
Businesses
1,049
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Listed by: Carol Latti • BHHS Fox & Roach-Medford
Mls Name: Bright MLS
Mls ID: #NJBL2095620