611A Lake Point DrLakewoodNJ08701
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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
Investment property for sale in Lakewood at 611A Lake Point Dr, Lakewood, NJ, 08701 uses $111,053 cash to close to unlock $4,342/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $2,750/mo, and a $1,640/mo payment keeps the spread at $362/mo. Purchase price stands at $335,000, and rental yield measures 9.85% with $2,750/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 125.04% and total cumulative return in cash records $138,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,750/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A 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
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Listed by: Karen Smith • KELLER WILLIAMS WEST MONMOUTH
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2511480R
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