208 Fayette Ave, Wayne, NJ, 07470 | $257/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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208 Fayette Ave, Wayne, NJ, 07470 | $257/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wayne at 208 Fayette Ave, Wayne, NJ, 07470 with 5% annual appreciation on a $409,000 basis while $3,172/mo rent supports operations. Total monthly income totals $3,172/mo and a $2,002/mo payment preserves $257/mo for cash returns. Annual cash flow comes to $3,079/yr on $135,584 deployed, and return on cash invested reaches 22.18% in year one. Equity gained on principal adds $2,639/yr, and five-year appreciation sums $112,999 alongside rental yield of 9.31%. Five-year ROI measures 116.26% and total cumulative return in cash totals $157,629.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,172/mo property income versus a $2,002/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in N/A

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

PACK YOUR BAGS AND MOVE RIGHT IN! This adorable ranch offers a great space for a variety of lifestyles, whether you're looking for a sweet starter home, a condo alternative, or to downsize. Step onto the charming front porch with its picket-fence detail and into a bright open-concept living and dining space that flows seamlessly into this beautiful kitchen. With fresh flooring, doors and hardware, and a stylishly updated full bath, this home is move-in ready. The home offers three comfortable bedrooms, including one with direct access to the back deck, could also be used as a home office, den, or guest room. A convenient laundry area adds to the ease of everyday living. Set on a generous sized lot, you'll have plenty of outdoor space to enjoy entertaining, gardening, or playtime. Located just blocks from shops and restaurants, and close to Mountain View Train Station for easy commuting. Routes 202, 23, and I-80 are only minutes away, making travel simple in every direction. Come see for yourself why THIS IS THE ONE!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,128 (100%)
Owner Occupied HU	14,851 (77.6%)
Renter Occupied HU	3,702 (19.4%)
Vacant Housing Units	575 ( 3.0%)
Median Home Value	$626,892
Average Home Value	$645,853