34 Mill StFairfieldNJ07004
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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 Mill St, Fairfield, NJ, 07004 priced at $1,499,900 converts $3,604/mo rent into after a $7,341/mo obligation. Total monthly income equals $3,604/mo. Return on cash invested prints 2.87% in year one, and rental yield reads 2.88% against a $1,499,900 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,395 by year five. Five-year ROI reaches 12.64% and total cumulative return in cash sums $61,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,604/mo property income covering a $7,341/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.86 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: Frank Lamorte • Lattimer Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3952317
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