43 Cray TerFanwoodNJ07023
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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
Investment property for sale in Fanwood at 43 Cray Ter, Fanwood, NJ, 07023 offers a 11.74% rental yield on a $490,000 purchase with $4,793/mo rent. Total monthly income registers $4,793/mo, and a $2,398/mo payment leaves $1,301/mo available for distribution. Annual cash flow reaches $15,608/yr on $162,435 to close, and return on cash invested stands at 29.52% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 155.6% and total cumulative return in cash at $252,744. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,793/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07023, Fanwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 2,338 (83.8%) |
| Renter Occupied HU | 335 (12.0%) |
| Vacant Housing Units | 117 ( 4.2%) |
| Median Home Value | $626,804 |
| Average Home Value | $653,178 |
Housing Distribution
Address Breakdown
Residential
2,759
Single Family
2,632
Multi-Family
127
Businesses
250
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Listed by: Steven Merlo • Nexthome New Prospects Realty
Mls Name: GSMLS
Mls ID: #3993588