24 Fair Ridge CtWayneNJ07470
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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
Rental property for sale in Wayne at 24 Fair Ridge Ct, Wayne, NJ, 07470 generates $5,015/mo in rent and, after a $3,177/mo payment, leaves $389/mo in cash flow. Total monthly income is $5,015/mo, and annual cash flow is $4,663/yr on $213,521 invested. Return on cash invested sits at 22.24% in year one, and rental yield is 9.27% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 116.58% and total cumulative return in cash sums $248,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,015/mo property income rather than buyer’s personal income.
Townhouse
Built in 1990
3,484 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: Giuseppe Ciciulla • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3981870