8 Skyline DriveLakewoodNJ08701
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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 Lakewood at 8 Skyline Drive, Lakewood, NJ, 08701 offers a 9.55% rental yield on a $380,000 purchase with $3,025/mo rent. Total monthly income registers $3,025/mo, and a $1,860/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,796/yr on $125,970 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 120.25% and total cumulative return in cash at $151,477. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,025/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
6,098 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: Luke Graham • Reliable Realty LLC
Mls Name: MoreMLS
Mls ID: #22601073