23 Homestead LaneRooseveltNJ08555
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 23 Homestead Lane, Roosevelt, NJ, 08555 in Roosevelt speaks for itself: 11.46% gross on a $380,000 price, generating $3,630/mo in rent and $716/mo in net income after the $1,709/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,595 stacks alongside $104,987 in projected five-year appreciation and $3,500/yr in principal reduction. Projected total cumulative return: $192,666.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.2% |
| Monthly Cash Flow | $716 | $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 | $3,630 |
| Total Monthly Debt Service | $2,763 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
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
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
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.