2-13 Morlot AveFair LawnNJ07410
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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
Rental property for sale in Fair Lawn at 2-13 Morlot Ave, Fair Lawn, NJ, 07410 offers $5,040/mo rent that, after a $3,411/mo payment, leaves $72/mo cash flow. Total monthly income is $5,040/mo, and annual cash flow is $868/yr on $229,313 cash. Return on cash invested measures 20.44% in year one, and rental yield stands at 8.68% at a $697,000 entry. Equity gained on principal adds $4,498/yr while 5% annual appreciation compounds into $192,568 by year five. Five-year ROI records 106.9% and total cumulative return in cash reaches $245,134. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,040/mo property income versus a $3,411/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07410, Fair Lawn, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,957 (100%) |
| Owner Occupied HU | 9,687 (74.8%) |
| Renter Occupied HU | 2,888 (22.3%) |
| Vacant Housing Units | 382 ( 2.9%) |
| Median Home Value | $602,198 |
| Average Home Value | $624,617 |
Housing Distribution
Address Breakdown
Residential
12,541
Single Family
12,140
Multi-Family
401
Businesses
1,187
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Listed by: Khodr Elatab • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3985210