33 Deerchase LnLakewoodNJ08701
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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 Lakewood at 33 Deerchase Ln, Lakewood, NJ, 08701 offers a 9.38% rental yield on a $370,000 purchase with $2,891/mo rent. Total monthly income registers $2,891/mo, and a $1,811/mo payment leaves $254/mo available for distribution. Annual cash flow reaches $3,044/yr on $122,655 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 117.38% and total cumulative return in cash at $143,969. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,891/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2001
N/A 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: Catriona Sutton • BHHS Zack Shore REALTORS
Mls Name: Bright MLS
Mls ID: #NJOC2038448