381 Springbrook TrlSpartaNJ07871
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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 Sparta at 381 Springbrook Trl, Sparta, NJ, 07871 priced at $589,000 converts $4,164/mo rent into after a $2,883/mo obligation. Total monthly income equals $4,164/mo. Return on cash invested prints 18.45% in year one, and rental yield reads 8.48% against a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation compiles into $162,730 by year five. Five-year ROI reaches 96.76% and total cumulative return in cash sums $187,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,164/mo property income covering a $2,883/mo payment, not borrower’s personal income.
Single Family
Built in 1932
0.29 Acres lot
$N/A/sqft
$2,700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07871, Sparta, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,336 (100%) |
| Owner Occupied HU | 6,962 (83.5%) |
| Renter Occupied HU | 812 ( 9.7%) |
| Vacant Housing Units | 562 ( 6.7%) |
| Median Home Value | $516,298 |
| Average Home Value | $570,365 |
Housing Distribution
Address Breakdown
Residential
8,097
Single Family
7,957
Multi-Family
140
Businesses
887
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Listed by: Denise Kevil • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3973977
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