10 King Alex CtSpartaNJ07871
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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 Sparta at 10 King Alex Ct, Sparta, NJ, 07871 priced at $899,000 pairs $7,032/mo rent with $624/mo cash flow after a $4,400/mo payment. Total monthly income equals $7,032/mo, and annual cash flow comes to $7,491/yr on $295,771 invested. Return on cash invested is 22.59% in year one, and rental yield stands at 9.39% on a $899,000 basis. Equity gained on principal adds $5,801/yr, and 5% annual appreciation accumulates to $248,377 by year five. Five-year ROI measures 118.45% and total cumulative return in cash reaches $350,338. For financing, Ziffy Mortgage’s DSCR program evaluates $7,032/mo property income against a $4,400/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07871, Sparta, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,336 (100%) |
| Owner Occupied HU | 6,962 (83.5%) |
| Renter Occupied HU | 812 ( 9.7%) |
| Vacant Housing Units | 562 ( 6.7%) |
| Median Home Value | $516,298 |
| Average Home Value | $570,365 |
Housing Distribution
Address Breakdown
Residential
8,097
Single Family
7,957
Multi-Family
140
Businesses
887
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Listed by: Dawnice Lafave • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3998761