3 Kennedy PlSpartaNJ07871
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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 Sparta at 3 Kennedy Pl, Sparta, NJ, 07871 earns from $2,528/mo rent with a $1,772/mo payment. Total monthly income totals $2,528/mo. ROI tracks 19.38% on current figures, and rental yield reads 8.38% at a $362,000 purchase. Equity gained on principal adds $2,336/yr, and 5% annual appreciation supports $100,014 over five years. Five-year ROI reaches 101.27% and total cumulative return in cash sums $121,525. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,528/mo property income instead of your personal income.
Single Family
Built in 1959
0.35 Acres lot
$N/A/sqft
No 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: Anna Teresa Feniello • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3946237
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