24 Forman StreetFair HavenNJ07704
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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 Fair Haven at 24 Forman Street, Fair Haven, NJ, 07704 offers a 4.46% rental yield on a $1,139,000 purchase with $4,233/mo rent. 73% in year one. Equity gained on principal adds $7,350/yr while 5% annual appreciation supports $314,685 over five years. Portfolio math shows five-year ROI at 38.72% and total cumulative return in cash at $142,896. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,233/mo property income against a $5,575/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07704, Fair Haven, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,089 (100%) |
| Owner Occupied HU | 1,903 (91.1%) |
| Renter Occupied HU | 109 ( 5.2%) |
| Vacant Housing Units | 77 ( 3.7%) |
| Median Home Value | $947,847 |
| Average Home Value | $1,108,271 |
Housing Distribution
Address Breakdown
Residential
2,073
Single Family
2,073
Multi-Family
0
Businesses
220
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Listed by: Elise Nelson • Compass New Jersey LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22513651
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.