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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Sparta at 21 Maple Pkwy, Sparta, NJ, 07871 listed at $650,000 pairs $5,190/mo rent with a $3,181/mo payment to leave $349/mo cash flow. Total monthly income runs $5,190/mo, and annual cash flow reaches $4,188/yr on $213,850 cash to close. Return on cash invested measures 22.02% in year one, and rental yield registers 9.58% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 115.78% and total cumulative return in cash totals $247,598. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,190/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
6,534 sqft lot
$N/A/sqft
$2,500 annually HOA
Neighborhood data shown for ZIP Code: 07871, Sparta, NJ area.
| 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 |
Residential
8,097
Single Family
7,957
Multi-Family
140
Businesses
887
Date | Event | Price |
|---|---|---|
| 2024-06-21 | Listed for sale | $650,000 |
| 2024-04-02 | Listing removed | N/A |
| 2023-10-01 | Listed for sale | $650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $11563.06 | 2.47% | $331,700 | N/A |
| 2022-10-17 | $11284.43 | 1.61% | $331,700 | N/A |
| 2021-10-17 | $11105.32 | 1.09% | $331,700 | N/A |
Listed by: Raimonds Erins • Keller Williams Integrity
Mls Name: GSMLS
Mls Provider:
Mls ID: #3909334
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
