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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Fairview at 614E Fairview Ave #E, Fairview, NJ, 07022 offers a 9.63% rental yield on a $499,000 purchase with $4,006/mo rent. Total monthly income registers $4,006/mo, and a $2,442/mo payment leaves $450/mo available for distribution. Annual cash flow reaches $5,395/yr on $165,419 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 121.56% and total cumulative return in cash at $201,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,006/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07022, Fairview, NJ area.
| 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 |
Residential
5,064
Single Family
3,803
Multi-Family
1,261
Businesses
488
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Fairine Bhuiyan • Luxe Listings
Mls Name: GSMLS
Mls ID: #4001564
