240 River AveLakewoodNJ08701
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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
Total monthly income runs $3,862/mo, and a $3,288/mo payment. Purchase price stands at $671,700, and rental yield measures 6.9% with $3,862/mo rent. Return on cash invested shows 15.03% in year one, and 5% annual appreciation builds toward $185,578 over five years. Five-year ROI reaches 77.89% and total cumulative return in cash records $172,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,862/mo property income covering a $3,288/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08701, Lakewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,501 (100%) |
| Owner Occupied HU | 17,812 (47.5%) |
| Renter Occupied HU | 16,760 (44.7%) |
| Vacant Housing Units | 2,929 ( 7.8%) |
| Median Home Value | $566,588 |
| Average Home Value | $610,438 |
Housing Distribution
Address Breakdown
Residential
29,523
Single Family
27,488
Multi-Family
2,035
Businesses
3,052
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Listed by: N/A • N/A
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Mls ID: #N/A