8 Oakmont RoadLakewoodNJ08701
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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 Lakewood at 8 Oakmont Road, Lakewood, NJ, 08701 priced at $470,000 converts $3,096/mo rent into after a $2,300/mo obligation. Total monthly income equals $3,096/mo. Return on cash invested prints 17.96% in year one, and rental yield reads 7.9% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 93.62% and total cumulative return in cash sums $145,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,096/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1999
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08701, Lakewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 37,501 (100%) |
| Owner Occupied HU | 17,812 (47.5%) |
| Renter Occupied HU | 16,760 (44.7%) |
| Vacant Housing Units | 2,929 ( 7.8%) |
| Median Home Value | $566,588 |
| Average Home Value | $610,438 |
Housing Distribution
Address Breakdown
Residential
29,523
Single Family
27,488
Multi-Family
2,035
Businesses
3,052
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Listed by: Laura Macchia • C21/ Solid Gold Realty
Mls Name: MoreMLS
Mls ID: #22528717