721 Lucas LnSouthamptonNJ08088
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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 Southampton at 721 Lucas Ln, Southampton, NJ, 08088 priced at $275,600 converts $1,844/mo rent into after a $1,349/mo obligation. Total monthly income equals $1,844/mo. Return on cash invested prints 18.33% in year one, and rental yield reads 8.03% against a $275,600 entry. Equity gained on principal adds $1,778/yr, while 5% annual appreciation compiles into $76,143 by year five. Five-year ROI reaches 95.6% and total cumulative return in cash sums $87,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,844/mo property income covering a $1,349/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08088, Vincentown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,034 (100%) |
| Owner Occupied HU | 8,885 (88.5%) |
| Renter Occupied HU | 650 ( 6.5%) |
| Vacant Housing Units | 499 ( 5.0%) |
| Median Home Value | $415,640 |
| Average Home Value | $445,363 |
Housing Distribution
Address Breakdown
Residential
9,871
Single Family
9,845
Multi-Family
26
Businesses
445
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Listed by: Edward Keebler • RE/MAX Preferred - Medford
Mls Name: Bright MLS
Mls ID: #NJBL2101918