55E Buckingham DriveLakewoodNJ08701
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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
Rental property for sale in Lakewood at 55E Buckingham Drive, Lakewood, NJ, 08701 priced at $200,000 converts $2,377/mo rent into $639/mo cash flow after a $979/mo obligation. Total monthly income equals $2,377/mo, and annual cash flow totals $7,672/yr on $66,300 invested. Return on cash invested prints 31.48% in year one, and rental yield reads 14.26% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 168.21% and total cumulative return in cash sums $111,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,377/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1964
871.20 sqft lot
$N/A/sqft
$312 monthly 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: Maria Tafi • Del Virginia Realtors
Mls Name: MOMLS
Mls Provider:
Mls ID: #22416158
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.