931 Thornhill Court #CLakewoodNJ08701
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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 931 Thornhill Court #C, Lakewood, NJ, 08701 listed at $195,000 pairs $1,474/mo rent with a $954/mo payment to leave $85/mo cash flow. Total monthly income runs $1,474/mo, and annual cash flow reaches $1,014/yr on $64,643 cash to close. Return on cash invested measures 21.48% in year one, and rental yield registers 9.07% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 112.51% and total cumulative return in cash totals $72,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,474/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
1,306 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: Frank Capoano • EXP Realty
Mls Name: MoreMLS
Mls ID: #22600521