991B 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
Rental property for sale in Lakewood at 991B Argyll Circle, Lakewood, NJ, 08701 generates $2,704/mo in rent and, after a $1,566/mo payment, leaves $423/mo in cash flow. Total monthly income is $2,704/mo, and annual cash flow is $5,080/yr on $106,080 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 10.14% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 129.79% and total cumulative return in cash sums $137,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,704/mo property income rather than buyer’s personal income.
Condo
Built in 1971
1,742 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: Lisa Lawson • C21/ Solid Gold Realty
Mls Name: MoreMLS
Mls ID: #22527880