187 King StFanwoodNJ07023
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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 $4,663/mo, and a $7,826/mo payment. Purchase price stands at $1,599,000, and rental yield measures 3.5% with $4,663/mo rent. Return on cash invested shows 4.77% in year one, and 5% annual appreciation builds toward $441,774 over five years. Five-year ROI reaches 22.83% and total cumulative return in cash records $118,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,663/mo property income covering a $7,826/mo payment rather than investor’s personal income.
Single Family
Built in N/A
10,288 sqft 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: DONALD J. LAMASTRA • SUBURB REALTY AGENCY
Mls Name: All Jersey MLS
Mls ID: #2606808R