34 Carlos DrFairfieldNJ07004
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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 Fairfield at 34 Carlos Dr, Fairfield, NJ, 07004 offers $5,095/mo rent that, after a $3,813/mo payment. Total monthly income is $5,095/mo. Return on cash invested measures 17.92% in year one, and rental yield stands at 7.85% at a $779,000 entry. Equity gained on principal adds $5,027/yr while 5% annual appreciation compounds into $215,223 by year five. Five-year ROI records 93.38% and total cumulative return in cash reaches $239,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,095/mo property income versus a $3,813/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.46 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: Michael Lattimer • Lattimer Realty
Mls Name: GSMLS
Mls ID: #4002956