966A Argyll CircleLakewoodNJ08701
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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 966A Argyll Circle, Lakewood, NJ, 08701 uses $64,643 cash to close to unlock $11,754/yr annual cash flow and $980/mo monthly cash flow. Total monthly income runs $2,701/mo, and a $954/mo payment keeps the spread at $980/mo. Purchase price stands at $195,000, and rental yield measures 16.62% with $2,701/mo rent. Return on cash invested shows 38.09% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 203.84% and total cumulative return in cash records $131,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,701/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1971
1,742 sqft lot
$N/A/sqft
$332 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: Erik Fatovic • RE/MAX First Class
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22517311
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.