10 Mildred DrSpartaNJ07871
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 Sparta at 10 Mildred Dr, Sparta, NJ, 07871 offers $3,852/mo rent that, after a $2,545/mo payment, leaves $146/mo cash flow. Total monthly income is $3,852/mo, and annual cash flow is $1,748/yr on $171,080 cash. Return on cash invested measures 21.08% in year one, and rental yield stands at 8.89% at a $520,000 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,666 by year five. Five-year ROI records 110.34% and total cumulative return in cash reaches $188,771. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,852/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.68 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Lopuch • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3993403