64 Sherman AveLodiNJ07644
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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 Lodi at 64 Sherman Ave, Lodi, NJ, 07644 offers $4,242/mo rent that, after a $3,156/mo payment. Total monthly income is $4,242/mo. Return on cash invested measures 18.06% in year one, and rental yield stands at 7.89% at a $644,800 entry. Equity gained on principal adds $4,161/yr while 5% annual appreciation compounds into $178,146 by year five. Five-year ROI records 94.11% and total cumulative return in cash reaches $199,645. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,242/mo property income versus a $3,156/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
5,201 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07644, Lodi, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,567 (100%) |
| Owner Occupied HU | 4,236 (40.1%) |
| Renter Occupied HU | 5,912 (55.9%) |
| Vacant Housing Units | 419 ( 4.0%) |
| Median Home Value | $527,335 |
| Average Home Value | $585,640 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
8,453
Multi-Family
317
Businesses
737
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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