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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% |
Rental property for sale in Fairview at 227B 4th St, Fairview, NJ, 07022 offers $5,160/mo rent that, after a $3,862/mo payment. Total monthly income is $5,160/mo. Return on cash invested measures 17.91% in year one, and rental yield stands at 7.85% at a $789,000 entry. Equity gained on principal adds $5,091/yr while 5% annual appreciation compounds into $217,986 by year five. Five-year ROI records 93.35% and total cumulative return in cash reaches $242,326. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,160/mo property income versus a $3,862/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07022, Fairview, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,575 (100%) |
| Owner Occupied HU | 1,702 (30.5%) |
| Renter Occupied HU | 3,605 (64.7%) |
| Vacant Housing Units | 268 ( 4.8%) |
| Median Home Value | $591,262 |
| Average Home Value | $597,604 |
Residential
5,064
Single Family
3,803
Multi-Family
1,261
Businesses
488
Date | Event | Price |
|---|---|---|
| 2024-08-09 | Price change | $789,000 |
| 2024-07-16 | Listed for sale | $819,800 |
| 2017-08-21 | Sold | $550,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-11 | $14339.26 | N/A | $634,200 | 6.43% |
| 2022-08-11 | N/A | N/A | $595,900 | 5.81% |
| 2021-08-11 | $13961.73 | 0.20% | $563,200 | 2.03% |
Listed by: Jeanne Mastice • Prominent Properties Sotheby's International Realty-Englewood Cliffs
Mls Name: NJMLS
Mls Provider:
Mls ID: #24022716
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-08-11 11:47:42 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.
