414 N 8th StFairviewNJ07022
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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 Fairview at 414 N 8th St, Fairview, NJ, 07022 priced at $687,700 converts $4,044/mo rent into after a $3,366/mo obligation. Total monthly income equals $4,044/mo. Return on cash invested prints 15.51% in year one, and rental yield reads 7.06% against a $687,700 entry. Equity gained on principal adds $4,438/yr, while 5% annual appreciation compiles into $189,999 by year five. Five-year ROI reaches 80.48% and total cumulative return in cash sums $182,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,044/mo property income covering a $3,366/mo payment, not borrower’s personal income.
Single Family
Built in 1927
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07022, Fairview, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,575 (100%) |
| Owner Occupied HU | 1,702 (30.5%) |
| Renter Occupied HU | 3,605 (64.7%) |
| Vacant Housing Units | 268 ( 4.8%) |
| Median Home Value | $591,262 |
| Average Home Value | $597,604 |
Housing Distribution
Address Breakdown
Residential
5,064
Single Family
3,803
Multi-Family
1,261
Businesses
488
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Listed by: N/A • N/A
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