32 Litchfield LnFair LawnNJ07410
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fair Lawn at 32 Litchfield Ln, Fair Lawn, NJ, 07410 priced at $798,000 converts $3,888/mo rent into after a $3,906/mo obligation. Total monthly income equals $3,888/mo. Return on cash invested prints 11.83% in year one, and rental yield reads 5.85% against a $798,000 entry. Equity gained on principal adds $5,149/yr, while 5% annual appreciation compiles into $220,473 by year five. Five-year ROI reaches 60.74% and total cumulative return in cash sums $159,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,888/mo property income covering a $3,906/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07410, Fair Lawn, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,957 (100%) |
| Owner Occupied HU | 9,687 (74.8%) |
| Renter Occupied HU | 2,888 (22.3%) |
| Vacant Housing Units | 382 ( 2.9%) |
| Median Home Value | $602,198 |
| Average Home Value | $624,617 |
Housing Distribution
Address Breakdown
Residential
12,541
Single Family
12,140
Multi-Family
401
Businesses
1,187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlene Bai • Coldwell Banker, Fort Lee
Mls Name: NJMLS
Mls ID: #25041811