351 Terrill RdFanwoodNJ07023
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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 Fanwood at 351 Terrill Rd, Fanwood, NJ, 07023 priced at $849,900 pairs $6,011/mo rent with after a $4,160/mo payment. Total monthly income equals $6,011/mo. Return on cash invested is 19.86% in year one, and rental yield stands at 8.49% on a $849,900 basis. Equity gained on principal adds $5,484/yr, and 5% annual appreciation accumulates to $234,812 by year five. Five-year ROI measures 103.77% and total cumulative return in cash reaches $290,162. For financing, Ziffy Mortgage’s DSCR program evaluates $6,011/mo property income against a $4,160/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
10,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07023, Fanwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 2,338 (83.8%) |
| Renter Occupied HU | 335 (12.0%) |
| Vacant Housing Units | 117 ( 4.2%) |
| Median Home Value | $626,804 |
| Average Home Value | $653,178 |
Housing Distribution
Address Breakdown
Residential
2,759
Single Family
2,632
Multi-Family
127
Businesses
250
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Listed by: SHAVON DORSEY • C21 CHARLES SMITH AGENCY, INC
Mls Name: All Jersey MLS
Mls ID: #2606245R