229 S Lecato AveAudubonNJ08106
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 229 S Lecato Ave, Audubon, NJ, 08106 in Audubon. Rental yield 7.54%. The 1.40 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $137,865 and $4,596/yr in principal reduction project total return of $164,051.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $(422) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,134 |
| Total Monthly Debt Service | $3,358 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1926
10,498 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08106, Audubon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,277 (100%) |
| Owner Occupied HU | 2,849 (66.6%) |
| Renter Occupied HU | 1,275 (29.8%) |
| Vacant Housing Units | 153 ( 3.6%) |
| Median Home Value | $349,662 |
| Average Home Value | $383,121 |
Housing Distribution
Address Breakdown
Residential
4,224
Single Family
3,914
Multi-Family
310
Businesses
296
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
Multi Family
Built in 1926
10,498 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08106, Audubon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,277 (100%) |
| Owner Occupied HU | 2,849 (66.6%) |
| Renter Occupied HU | 1,275 (29.8%) |
| Vacant Housing Units | 153 ( 3.6%) |
| Median Home Value | $349,662 |
| Average Home Value | $383,121 |
Housing Distribution
Address Breakdown
Residential
4,224
Single Family
3,914
Multi-Family
310
Businesses
296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #NJCD2109430