40 Westgate DrSpartaNJ07871
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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 Sparta at 40 Westgate Dr, Sparta, NJ, 07871 priced at $680,000 converts $4,926/mo rent into $79/mo cash flow after a $3,328/mo obligation. Total monthly income equals $4,926/mo, and annual cash flow totals $952/yr on $223,720 invested. Return on cash invested prints 20.49% in year one, and rental yield reads 8.69% against a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation compiles into $187,871 by year five. Five-year ROI reaches 107.15% and total cumulative return in cash sums $239,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,926/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.51 Acres lot
$N/A/sqft
No 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: Maura Young • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4003963