24 Gateshead DrLumbertonNJ08048
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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 Lumberton at 24 Gateshead Dr, Lumberton, NJ, 08048 offers a 10.31% rental yield on a $498,500 purchase with $4,282/mo rent. Total monthly income registers $4,282/mo, and a $2,440/mo payment leaves $729/mo available for distribution. Annual cash flow reaches $8,744/yr on $165,253 to close, and return on cash invested stands at 25.2% in year one. Equity gained on principal adds $3,217/yr while 5% annual appreciation supports $137,726 over five years. Portfolio math shows five-year ROI at 132.45% and total cumulative return in cash at $218,885. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,282/mo property income against a $2,440/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
9,622 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08048, Lumberton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,026 (100%) |
| Owner Occupied HU | 3,307 (65.8%) |
| Renter Occupied HU | 1,498 (29.8%) |
| Vacant Housing Units | 221 ( 4.4%) |
| Median Home Value | $473,916 |
| Average Home Value | $506,784 |
Housing Distribution
Address Breakdown
Residential
4,887
Single Family
4,762
Multi-Family
125
Businesses
309
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Listed by: Susanne Kramer • Keller Williams Realty - Medford
Mls Name: Bright MLS
Mls ID: #NJBL2103724