3 Locust StreetLakehurstNJ08733
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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 Lakehurst at 3 Locust Street, Lakehurst, NJ, 08733 listed at $299,000 pairs $2,798/mo rent with a $1,463/mo payment to leave $667/mo cash flow. Total monthly income runs $2,798/mo, and annual cash flow reaches $8,007/yr on $99,119 cash to close. Return on cash invested measures 27.99% in year one, and rental yield registers 11.23% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 147.42% and total cumulative return in cash totals $146,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,798/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08733, Lakehurst, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,044 (100%) |
| Owner Occupied HU | 643 (61.6%) |
| Renter Occupied HU | 344 (33.0%) |
| Vacant Housing Units | 57 ( 5.5%) |
| Median Home Value | $283,989 |
| Average Home Value | $303,293 |
Housing Distribution
Address Breakdown
Residential
955
Single Family
955
Multi-Family
0
Businesses
217
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Listed by: Angela Parise • Sackman Realty
Mls Name: MoreMLS
Mls ID: #22602979