845 Thornhill Court UNIT BLakewoodNJ08701
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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 845 Thornhill Court UNIT B, Lakewood, NJ, 08701 with 5% annual appreciation on a $259,900 basis while $2,424/mo rent supports operations. Total monthly income totals $2,424/mo and a $1,272/mo payment preserves $253/mo for cash returns. Annual cash flow comes to $3,031/yr on $86,157 deployed, and return on cash invested reaches 23.43% in year one. Equity gained on principal adds $1,677/yr, and five-year appreciation sums $71,806 alongside rental yield of 11.19%. Five-year ROI measures 124.58% and total cumulative return in cash totals $107,338.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,424/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
1,306 sqft lot
$N/A/sqft
$319 monthly 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: Rina Clerc • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22433852
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.