271 Joe Parker RoadLakewoodNJ08701
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 Lakewood at 271 Joe Parker Road, Lakewood, NJ, 08701 at $1,199,000 posts ROI 8.04% with from $4,555/mo rent. Total monthly income equals $4,555/mo. Return on cash invested measures 8.04% and rental yield reads 4.56% at the current $1,199,000. Equity gained on principal adds $7,737/yr, and 5% annual appreciation supports $331,262 by year five. Five-year ROI prints 40.36% and total cumulative return in cash totals $156,777. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,555/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine M Caggiano • EXIT Realty Jersey Shore
Mls Name: MoreMLS
Mls ID: #22516099