543 Lakeside AveAndoverNJ07821
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 Andover at 543 Lakeside Ave, Andover, NJ, 07821 priced at $474,900 pairs $3,989/mo rent with $604/mo cash flow after a $2,324/mo payment. Total monthly income equals $3,989/mo, and annual cash flow comes to $7,253/yr on $157,429 invested. Return on cash invested is 24.52% in year one, and rental yield stands at 10.08% on a $474,900 basis. Equity gained on principal adds $3,064/yr, and 5% annual appreciation accumulates to $131,206 by year five. Five-year ROI measures 128.79% and total cumulative return in cash reaches $202,751. For financing, Ziffy Mortgage’s DSCR program evaluates $3,989/mo property income against a $2,324/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07821, Andover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,944 (100%) |
| Owner Occupied HU | 3,089 (78.3%) |
| Renter Occupied HU | 407 (10.3%) |
| Vacant Housing Units | 448 (11.4%) |
| Median Home Value | $451,606 |
| Average Home Value | $492,629 |
Housing Distribution
Address Breakdown
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
213
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Listed by: Lynnse Merfert • Kistle Realty, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3975332
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