289 Desoto PlFairviewNJ07022
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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 Fairview at 289 Desoto Pl, Fairview, NJ, 07022 priced at $1,235,000 pairs $3,240/mo rent with after a $6,045/mo payment. Total monthly income equals $3,240/mo. Return on cash invested is 3.69% in year one, and rental yield stands at 3.15% on a $1,235,000 basis. Equity gained on principal adds $7,969/yr, and 5% annual appreciation accumulates to $341,208 by year five. Five-year ROI measures 17.01% and total cumulative return in cash reaches $68,048. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $6,045/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07022, Fairview, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,575 (100%) |
| Owner Occupied HU | 1,702 (30.5%) |
| Renter Occupied HU | 3,605 (64.7%) |
| Vacant Housing Units | 268 ( 4.8%) |
| Median Home Value | $591,262 |
| Average Home Value | $597,604 |
Housing Distribution
Address Breakdown
Residential
5,064
Single Family
3,803
Multi-Family
1,261
Businesses
488
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Listed by: Okjin Moon • Top Realty
Mls Name: NJMLS
Mls ID: #25031298