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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Sparta at 187 E Shore Trl, Sparta, NJ, 07871 generates $3,830/mo in rent and, after a $2,031/mo payment, leaves $872/mo in cash flow. Total monthly income is $3,830/mo, and annual cash flow is $10,466/yr on $137,573 invested. Return on cash invested sits at 27.52% in year one, and rental yield is 11.07% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 144.89% and total cumulative return in cash sums $199,329. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,830/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07871, Sparta, NJ area.
| 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 |
Residential
8,097
Single Family
7,957
Multi-Family
140
Businesses
887
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Christine Laird • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3998036
