23-15 Watkins 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
Total monthly income runs $6,283/mo, and a $4,346/mo payment. Purchase price stands at $888,000, and rental yield measures 8.49% with $6,283/mo rent. Return on cash invested shows 19.87% in year one, and 5% annual appreciation builds toward $245,338 over five years. Five-year ROI reaches 103.84% and total cumulative return in cash records $303,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,283/mo property income covering a $4,346/mo payment rather than investor’s personal income.
Single Family
Built in 1947
4,791 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: Gregory Earnshaw • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls ID: #3973053