461 Main StSpartaNJ07871
Nearby investment properties with comparable rents
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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 Sparta at 461 Main St, Sparta, NJ, 07871 uses $165,584 cash to close to unlock $13,913/yr annual cash flow and $1,159/mo monthly cash flow. Total monthly income runs $4,720/mo, and a $2,445/mo payment keeps the spread at $1,159/mo. Purchase price stands at $499,500, and rental yield measures 11.34% with $4,720/mo rent. Return on cash invested shows 28.31% in year one, and 5% annual appreciation builds toward $138,003 over five years. Five-year ROI reaches 149.13% and total cumulative return in cash records $246,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,720/mo property income covering a $2,445/mo payment rather than investor’s personal income.
Single Family
Built in 1955
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07871, Sparta, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,336 (100%) |
| Owner Occupied HU | 6,962 (83.5%) |
| Renter Occupied HU | 812 ( 9.7%) |
| Vacant Housing Units | 562 ( 6.7%) |
| Median Home Value | $516,298 |
| Average Home Value | $570,365 |
Housing Distribution
Address Breakdown
Residential
8,097
Single Family
7,957
Multi-Family
140
Businesses
887
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Listed by: Debra Kistle • Kistle Realty, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3960884
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