26 Phyllis LaneFairfieldNJ07004
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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 Fairfield at 26 Phyllis Lane, Fairfield, NJ, 07004 with 5% annual appreciation on a $879,900 basis while $6,518/mo rent supports operations. Total monthly income totals $6,518/mo and a $4,307/mo payment preserves $246/mo for cash returns. Annual cash flow comes to $2,951/yr on $289,487 deployed, and return on cash invested reaches 21.08% in year one. Equity gained on principal adds $5,678/yr, and five-year appreciation sums $243,100 alongside rental yield of 8.89%. Five-year ROI measures 110.32% and total cumulative return in cash totals $319,369.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,518/mo property income versus a $4,307/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1983
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07004, Fairfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,795 (100%) |
| Owner Occupied HU | 2,362 (84.5%) |
| Renter Occupied HU | 369 (13.2%) |
| Vacant Housing Units | 64 ( 2.3%) |
| Median Home Value | $674,494 |
| Average Home Value | $709,962 |
Housing Distribution
Address Breakdown
Residential
3,001
Single Family
3,001
Multi-Family
0
Businesses
1,717
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Listed by: Frank Lamorte • Lattimer Realty
Mls Name: GSMLS
Mls ID: #3985569