7 Sherman Ave APT 3LodiNJ07644
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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 Lodi at 7 Sherman Ave APT 3, Lodi, NJ, 07644 uses $149,175 cash to close to unlock $5,052/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $3,924/mo, and a $2,203/mo payment keeps the spread at $421/mo. Purchase price stands at $450,000, and rental yield measures 10.46% with $3,924/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 123.08% and total cumulative return in cash records $183,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,924/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$295 monthly 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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Listed by: Anibal Niebla • ACCESS HOMES REALTY
Mls Name: HCMLS
Mls ID: #240021061
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.