223 Cherokee RdLafayetteNJ07848
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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 Lafayette at 223 Cherokee Rd, Lafayette, NJ, 07848 with 5% annual appreciation on a $349,900 basis while $2,849/mo rent supports operations. Total monthly income totals $2,849/mo and a $1,713/mo payment preserves $355/mo for cash returns. Annual cash flow comes to $4,255/yr on $115,992 deployed, and return on cash invested reaches 23.58% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 9.77%. Five-year ROI measures 123.76% and total cumulative return in cash totals $143,550.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,849/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1982
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07848, Lafayette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,860 (100%) |
| Owner Occupied HU | 1,552 (83.4%) |
| Renter Occupied HU | 242 (13.0%) |
| Vacant Housing Units | 66 ( 3.5%) |
| Median Home Value | $475,159 |
| Average Home Value | $543,935 |
Housing Distribution
Address Breakdown
Residential
1,736
Single Family
1,736
Multi-Family
0
Businesses
177
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Listed by: Rebecca Sloan • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4001923