340 Mercer Avenue, Lakewood, NJ, 08701 | 4.33% Rental Yield

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340 Mercer Avenue, Lakewood, NJ, 08701 | 4.33% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lakewood at 340 Mercer Avenue, Lakewood, NJ, 08701 with 5% annual appreciation on a $1,550,000 basis while $5,594/mo rent supports operations. 34% in year one. Equity gained on principal adds $10,002/yr, and five-year appreciation sums $428,236 alongside rental yield of 4.33%. Five-year ROI measures 36.6% and total cumulative return in cash totals $183,781. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,594/mo property income versus a $7,586/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2021

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into this sun-filled, meticulously maintained single-family gem, just 5 years young and perfectly located in a sought-after neighborhood. Featuring an expansive living and dining room with high ceilings and an open, airy flow, this home is designed for both comfort and entertaining. The modern white kitchen is a showstopper, complemented by a bright, sun-drenched dinette that overlooks the yard. A separate family room offers the perfect space to unwind, while a stylish office room provides a quiet retreat for work or study. With 5 spacious bedrooms and 3.5 pristine bathrooms, there's room for everyone. The side entrance leads to a convenient mudroom and garage adding function and charm. The lower level includes a storage room and beautifully finished 3 BR 2 baths basement apartment ideal for guests, extended family or rental income! A massive walk up attic, expansive green lawns and corner lot add additional value to this magnificent home! Schedule your showing TODAY!

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