3 Martin PlFairfieldNJ07004
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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 3 Martin Pl, Fairfield, NJ, 07004 offers a 4.15% rental yield on a $1,175,777 purchase with $4,066/mo rent. 78% in year one. Equity gained on principal adds $7,587/yr while 5% annual appreciation supports $324,846 over five years. Portfolio math shows five-year ROI at 33.6% and total cumulative return in cash at $127,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,066/mo property income against a $5,755/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.56 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: Robert W. Van Der Wende • Bhhs Van Der Wende Properties
Mls Name: GSMLS
Mls ID: #3972845