23 Homestead LaneRooseveltNJ08555
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 Roosevelt at 23 Homestead Lane, Roosevelt, NJ, 08555 earns $716/mo cash flow from $3,630/mo rent with a $1,860/mo payment. Total monthly income totals $3,630/mo, and annual cash flow totals $8,594/yr on $125,970 capital. ROI tracks 26.73% on current figures, and rental yield reads 11.46% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $178,129. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,630/mo property income instead of your personal income.
Single Family
Built in 1930
0.49 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katharine Deverin • Berkshire Hathaway HomeServices Fox & Roach - Perrineville
Mls Name: MOMLS
Mls Provider:
Mls ID: #22502110
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.