423 Walker St APT B5, Fairview, NJ, 07022 | $619/mo Cash Flow

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423 Walker St APT B5, Fairview, NJ, 07022 | $619/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Fairview at 423 Walker St APT B5, Fairview, NJ, 07022 uses $92,489 cash to close to unlock $7,427/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,608/mo, and a $1,366/mo payment keeps the spread at $619/mo. Purchase price stands at $279,000, and rental yield measures 11.22% with $2,608/mo rent. Return on cash invested shows 27.94% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 147.14% and total cumulative return in cash records $136,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,608/mo property income covering a $1,366/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

*** Commuters Dream*** Welcome to this exceptional and well kept 1-bedroom,1-bathroom unit that is a golden opportunity for both investors and those seeking to occupy a great unit in a prime location. Nestled just off Bergen Boulevard, location is paramount, and this condominium is perfectly situated within walking distance to an array of shops, restaurants, and convenient transportation options to New York City. As you step into this bright and inviting unit, you'll be greeted by the warmth of hardwood floors, natural light filling the rooms, and a bedroom with ample closet space. Washer/Dryer room located downstairs. Low HOA includes heat, hot water, and cooking gas. 1 Parking Space Included.

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