94C Edinburgh LaneLakewoodNJ08701
Nearby investment properties with comparable rents
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
Rental property for sale in Lakewood at 94C Edinburgh Lane, Lakewood, NJ, 08701 priced at $148,900 pairs $1,974/mo rent with $637/mo cash flow after a $729/mo payment. Total monthly income equals $1,974/mo, and annual cash flow comes to $7,650/yr on $49,360 invested. Return on cash invested is 35.41% in year one, and rental yield stands at 15.91% on a $148,900 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,138 by year five. Five-year ROI measures 189.67% and total cumulative return in cash reaches $93,621. For financing, Ziffy Mortgage’s DSCR program evaluates $1,974/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
435.60 sqft lot
$N/A/sqft
$275 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Fogler • RE/MAX Revolution
Mls Name: MOMLS
Mls Provider:
Mls ID: #22426017
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.