5 Addison DrFairfieldNJ07004
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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 Fairfield at 5 Addison Dr, Fairfield, NJ, 07004 earns $71/mo cash flow from $5,951/mo rent with a $4,038/mo payment. Total monthly income totals $5,951/mo, and annual cash flow totals $846/yr on $271,425 capital. ROI tracks 20.37% on current figures, and rental yield reads 8.66% at a $825,000 purchase. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 over five years. Five-year ROI reaches 106.53% and total cumulative return in cash sums $289,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,951/mo property income instead of your personal income.
Single Family
Built in 1965
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07004, Fairfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,795 (100%) |
| Owner Occupied HU | 2,362 (84.5%) |
| Renter Occupied HU | 369 (13.2%) |
| Vacant Housing Units | 64 ( 2.3%) |
| Median Home Value | $674,494 |
| Average Home Value | $709,962 |
Housing Distribution
Address Breakdown
Residential
3,001
Single Family
3,001
Multi-Family
0
Businesses
1,717
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Listed by: Michael Lattimer • Lattimer Realty
Mls Name: GSMLS
Mls ID: #3981679