24 Pine Cone LnSpartaNJ07871
Nearby investment properties with comparable rents
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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 Sparta at 24 Pine Cone Ln, Sparta, NJ, 07871 generates $4,223/mo in rent and, after a $2,721/mo payment, leaves $252/mo in cash flow. Total monthly income is $4,223/mo, and annual cash flow is $3,026/yr on $182,891 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 9.12% on a $555,900 entry. Equity gained on principal adds $3,587/yr, while 5% annual appreciation builds toward $153,585 over five years. Five-year ROI reaches 113.77% and total cumulative return in cash sums $208,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,223/mo property income rather than buyer’s personal income.
Single Family
Built in 1933
0.72 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07871, Sparta, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,097
Single Family
7,957
Multi-Family
140
Businesses
887
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Listed by: Raimonds Erins • Keller Williams Integrity
Mls Name: GSMLS
Mls Provider:
Mls ID: #3953816
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