71 Mitchell StLodiNJ07644
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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 71 Mitchell St, Lodi, NJ, 07644 generates $4,200/mo in rent, after a $4,154/mo payment. Total monthly income is $4,200/mo. Return on cash invested sits at 12.11% in year one, and rental yield is 5.94% on a $848,800 entry. Equity gained on principal adds $5,477/yr, while 5% annual appreciation builds toward $234,508 over five years. Five-year ROI reaches 62.25% and total cumulative return in cash sums $173,825. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Multi Family
Built in 1960
5,227 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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Listed by: Roberto Sanchez • United Real Estate
Mls Name: GSMLS
Mls ID: #3982874