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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fairview at 423 Walker St APT B6, Fairview, NJ, 07022 priced at $235,000 converts $2,608/mo rent into $933/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,608/mo, and annual cash flow totals $11,198/yr on $77,903 invested. Return on cash invested prints 34.28% in year one, and rental yield reads 13.32% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 181.22% and total cumulative return in cash sums $141,172. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,608/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07022, Fairview, NJ area.
| 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 |
Residential
5,064
Single Family
3,803
Multi-Family
1,261
Businesses
488
Date | Event | Price |
|---|---|---|
| 2024-12-04 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $3793.32 | 5.05% | $164,000 | 2.69% |
| 2023-01-28 | $3610.82 | N/A | $159,700 | 7.91% |
| 2022-01-28 | N/A | N/A | $148,000 | 6.71% |
Listed by: Bruno T. Mele • Liberty Realty, LLC
Mls Name: NJMLS
Mls Provider:
Mls ID: #24038150
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-01-27 22:17:38 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
