4101 SCHINDLER LANEWayneNJ07470
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 4101 SCHINDLER LANE, Wayne, NJ, 07470 in Wayne achieves 1.64, rent of $2,581/mo covers the $1,573/mo payment 1.5x over at $349,900. Rental yield 8.85%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $96,671 over five years, with $3,223/yr in principal reduction bringing total projected return to $139,750.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $(298) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,581 |
| Total Monthly Debt Service | $2,355 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4017031