53 Sunset Lake RdSpartaNJ07871
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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 53 Sunset Lake Rd, Sparta, NJ, 07871 offers a 10.02% rental yield on a $589,000 purchase with $4,916/mo rent. Total monthly income registers $4,916/mo, and a $2,883/mo payment leaves $718/mo available for distribution. Annual cash flow reaches $8,611/yr on $193,781 to close, and return on cash invested stands at 24.5% in year one. Equity gained on principal adds $3,801/yr while 5% annual appreciation supports $162,730 over five years. Portfolio math shows five-year ROI at 128.69% and total cumulative return in cash at $249,374. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,916/mo property income against a $2,883/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.45 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: Christine Tremain • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3982477