56 Lakeside DriveFarmingdaleNJ07727
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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 Farmingdale at 56 Lakeside Drive, Farmingdale, NJ, 07727 priced at $475,000 converts $4,494/mo rent into $1,108/mo cash flow after a $2,325/mo obligation. Total monthly income equals $4,494/mo, and annual cash flow totals $13,298/yr on $157,463 invested. Return on cash invested prints 28.35% in year one, and rental yield reads 11.35% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 149.38% and total cumulative return in cash sums $235,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,494/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07727, Farmingdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,702 (100%) |
| Owner Occupied HU | 2,746 (74.2%) |
| Renter Occupied HU | 717 (19.4%) |
| Vacant Housing Units | 239 ( 6.5%) |
| Median Home Value | $749,757 |
| Average Home Value | $766,476 |
Housing Distribution
Address Breakdown
Residential
3,338
Single Family
3,198
Multi-Family
140
Businesses
677
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Listed by: Caroline Garguilo • Keller Williams Realty Central Monmouth
Mls Name: MoreMLS
Mls ID: #22530353