208 Fayette AveWayneNJ07470
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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
Investment property for sale in Wayne at 208 Fayette Ave, Wayne, NJ, 07470 with 5% annual appreciation on a $409,000 basis while $3,654/mo rent supports operations. Total monthly income totals $3,654/mo and a $2,002/mo payment preserves $739/mo for cash returns. Annual cash flow comes to $8,863/yr on $135,584 deployed, and return on cash invested reaches 26.45% in year one. Equity gained on principal adds $2,639/yr, and five-year appreciation sums $112,999 alongside rental yield of 10.72%. Five-year ROI measures 139.13% and total cumulative return in cash totals $188,637.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,654/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
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 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Hillel Weinberger • Nationwide Homes Realty Llc
Mls Name: GSMLS
Mls ID: #4004299