244 Lakeside Dr NForked RiverNJ08731
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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 Forked River at 244 Lakeside Dr N, Forked River, NJ, 08731 with 5% annual appreciation on a $549,000 basis while $6,430/mo rent supports operations. Total monthly income totals $6,430/mo and a $2,687/mo payment preserves $2,517/mo for cash returns. Annual cash flow comes to $30,203/yr on $180,621 deployed, and return on cash invested reaches 36.78% in year one. Equity gained on principal adds $3,543/yr, and five-year appreciation sums $151,679 alongside rental yield of 14.05%. Five-year ROI measures 194.53% and total cumulative return in cash totals $351,356.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,430/mo property income versus a $2,687/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
2,017 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08731, Forked River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,048 (100%) |
| Owner Occupied HU | 7,829 (77.9%) |
| Renter Occupied HU | 1,113 (11.1%) |
| Vacant Housing Units | 1,106 (11.0%) |
| Median Home Value | $461,309 |
| Average Home Value | $519,264 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
9,457
Multi-Family
0
Businesses
610
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Listed by: Thomas M. Hogan • ACTION PLUS REALTY C-21
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2505092R
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