132 Fairview AveBerkeley HeightsNJ07922
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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
Total monthly income runs $5,822/mo, and a $4,136/mo payment. Purchase price stands at $845,000, and rental yield measures 8.27% with $5,822/mo rent. Return on cash invested shows 19.19% in year one, and 5% annual appreciation builds toward $233,458 over five years. Five-year ROI reaches 100.2% and total cumulative return in cash records $278,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,822/mo property income covering a $4,136/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Annmarie Hanley • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3994894