16 Main St #D5SpartaNJ07871
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
Investment property for sale in Sparta at 16 Main St #D5, Sparta, NJ, 07871 at $470,000 posts ROI 26.17% with $812/mo cash flow from $4,162/mo rent. Total monthly income equals $4,162/mo, and annual cash flow records $9,748/yr on $155,805 to close. Return on cash invested measures 26.17% and rental yield reads 10.63% at the current $470,000. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 by year five. Five-year ROI prints 137.63% and total cumulative return in cash totals $214,437.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,162/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2008
N/A 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: Catalina Maione • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3981772