492 Jersey Ave #CFairviewNJ07022
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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
Total monthly income runs $3,556/mo, and a $2,594/mo payment. Purchase price stands at $530,000, and rental yield measures 8.05% with $3,556/mo rent. Return on cash invested shows 18.53% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 96.69% and total cumulative return in cash records $168,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,556/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A 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: Westley Page • Brown Harris Stevens New Jersey
Mls Name: NJMLS
Mls ID: #25025647