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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lakewood at 961B Argyll Circle, Lakewood, NJ, 08701 offers a 11.83% rental yield on a $295,000 purchase with $2,909/mo rent. Total monthly income registers $2,909/mo, and a $1,444/mo payment leaves $449/mo available for distribution. Annual cash flow reaches $5,390/yr on $97,793 to close, and return on cash invested stands at 25.42% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 135.25% and total cumulative return in cash at $132,266. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,909/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
1,742 sqft lot
$N/A/sqft
$357 monthly HOA
Neighborhood data shown for ZIP Code: 08701, Lakewood, NJ area.
| 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 |
Residential
29,523
Single Family
27,488
Multi-Family
2,035
Businesses
3,052
Date | Event | Price |
|---|---|---|
| 2024-10-12 | Listed for sale | $295,000 |
| 2012-12-19 | Sold | $115,000 |
| 2012-09-04 | Price change | $117,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2984.85 | 0.18% | $130,800 | N/A |
| 2022-10-15 | $2979.62 | N/A | $130,800 | N/A |
| 2021-10-15 | $2979.62 | 4.21% | $130,800 | N/A |
What's Special
Pull Down Stairs
Listed by: Catherine M Baugh • Christie's Int'l RE Group
Mls Name: MOMLS
Mls Provider:
Mls ID: #22429723
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.
