19 Summit RdSpartaNJ07871
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 19 Summit Rd, Sparta, NJ, 07871 at $625,000 posts ROI 22.24% with $374/mo cash flow from $4,829/mo rent. Total monthly income equals $4,829/mo, and annual cash flow records $4,490/yr on $205,625 to close. Return on cash invested measures 22.24% and rental yield reads 9.27% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 116.58% and total cumulative return in cash totals $239,725.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,829/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
1.34 Acres 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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Nearby investment properties with comparable prices
Listed by: Alyssa Morrissey • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3980890