28 Lockwood AvenueFreeholdNJ07728
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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 Freehold at 28 Lockwood Avenue, Freehold, NJ, 07728 uses $132,567 cash to close to unlock $11/yr annual cash flow and $1/mo monthly cash flow. Total monthly income runs $2,851/mo, and a $1,957/mo payment keeps the spread at $1/mo. Purchase price stands at $399,900, and rental yield measures 8.56% with $2,851/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 104.11% and total cumulative return in cash records $138,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,851/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1930
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07728, Freehold, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,199 (100%) |
| Owner Occupied HU | 15,984 (72.0%) |
| Renter Occupied HU | 5,174 (23.3%) |
| Vacant Housing Units | 1,041 ( 4.7%) |
| Median Home Value | $605,836 |
| Average Home Value | $628,077 |
Housing Distribution
Address Breakdown
Residential
20,840
Single Family
19,700
Multi-Family
1,140
Businesses
2,135
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Listed by: Johnny Guan • Real Broker, LLC- Point P
Mls Name: MoreMLS
Mls ID: #22534670