15 La Grande AveFanwoodNJ07023
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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 Fanwood at 15 La Grande Ave, Fanwood, NJ, 07023 with 5% annual appreciation on a $482,000 basis while $4,403/mo rent supports operations. Total monthly income totals $4,403/mo and a $2,359/mo payment preserves $968/mo for cash returns. Annual cash flow comes to $11,610/yr on $159,783 deployed, and return on cash invested reaches 27.18% in year one. Equity gained on principal adds $3,110/yr, and five-year appreciation sums $133,168 alongside rental yield of 10.96%. Five-year ROI measures 143.05% and total cumulative return in cash totals $228,572.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,403/mo property income versus a $2,359/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07023, Fanwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 2,338 (83.8%) |
| Renter Occupied HU | 335 (12.0%) |
| Vacant Housing Units | 117 ( 4.2%) |
| Median Home Value | $626,804 |
| Average Home Value | $653,178 |
Housing Distribution
Address Breakdown
Residential
2,759
Single Family
2,632
Multi-Family
127
Businesses
250
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Listed by: Mary Ellen O Boyle • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3990002