410 Horseneck RdFairfieldNJ07004
Nearby investment properties with comparable rents
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
Investment property for sale in Fairfield at 410 Horseneck Rd, Fairfield, NJ, 07004 uses $195,722 cash to close to unlock $9,929/yr annual cash flow and $827/mo monthly cash flow. Total monthly income runs $5,068/mo, and a $2,912/mo payment keeps the spread at $827/mo. Purchase price stands at $594,900, and rental yield measures 10.22% with $5,068/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $164,360 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash records $258,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,068/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Single Family
Built in 1941
1.56 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Lamorte • Lattimer Realty
Mls Name: GSMLS
Mls ID: #3980993