63 Lexington CourtHolmdelNJ07733
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 Holmdel at 63 Lexington Court, Holmdel, NJ, 07733 priced at $488,000 converts $4,278/mo rent into $799/mo cash flow after a $2,389/mo obligation. Total monthly income equals $4,278/mo, and annual cash flow totals $9,590/yr on $161,772 invested. Return on cash invested prints 25.84% in year one, and rental yield reads 10.52% against a $488,000 entry. Equity gained on principal adds $3,149/yr, while 5% annual appreciation compiles into $134,825 by year five. Five-year ROI reaches 135.89% and total cumulative return in cash sums $219,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,278/mo property income covering a $2,389/mo payment, not borrower’s personal income.
Condo
Built in 1997
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07733, Holmdel, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,092 (100%) |
| Owner Occupied HU | 5,308 (87.1%) |
| Renter Occupied HU | 538 ( 8.8%) |
| Vacant Housing Units | 246 ( 4.0%) |
| Median Home Value | $899,930 |
| Average Home Value | $980,202 |
Housing Distribution
Address Breakdown
Residential
5,879
Single Family
5,807
Multi-Family
72
Businesses
549
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Listed by: Weiming Wong • Keller Williams Realty West Monmouth
Mls Name: MoreMLS
Mls ID: #22529738