42 Cambridge Court #HLakewoodNJ08701
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
Rental property for sale in Lakewood at 42 Cambridge Court #H, Lakewood, NJ, 08701 offers $922/mo rent that, after a $582/mo payment, leaves $74/mo cash flow. Total monthly income is $922/mo, and annual cash flow is $891/yr on $39,449 cash. Return on cash invested measures 22.17% in year one, and rental yield stands at 9.3% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 116.28% and total cumulative return in cash reaches $45,869. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $922/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
435.60 sqft 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: Marietta Storz • Keller Williams Realty Ocean Living
Mls Name: MoreMLS
Mls ID: #22532319