615B Prospect AveFairviewNJ07022
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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 Fairview at 615B Prospect Ave, Fairview, NJ, 07022 offers a 6.76% rental yield on a $574,900 purchase with $3,240/mo rent. 62% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,834 over five years. Portfolio math shows five-year ROI at 75.69% and total cumulative return in cash at $143,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2013
1,742 sqft 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: Jason R. Dion • Century 21 The Crossing
Mls Name: GSMLS
Mls ID: #3993891