89 Chaucer CourtLakewoodNJ08701
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Nearby investment properties with comparable prices
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 89 Chaucer Court, Lakewood, NJ, 08701 at $375,000 posts ROI 20.31% with $42/mo cash flow from $3,022/mo rent. Total monthly income equals $3,022/mo, and annual cash flow records $498/yr on $124,313 to close. Return on cash invested measures 20.31% and rental yield reads 9.67% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 107.32% and total cumulative return in cash totals $133,407.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,022/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
N/A lot
$N/A/sqft
$308 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: Sheila Hansen • The Gallery Residential Brokerage
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510562
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.