73 Big Piece RdFairfieldNJ07004
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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
Rental property for sale in Fairfield at 73 Big Piece Rd, Fairfield, NJ, 07004 priced at $1,250,000 converts $4,646/mo rent into after a $6,118/mo obligation. Total monthly income equals $4,646/mo. Return on cash invested prints 7.74% in year one, and rental yield reads 4.46% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 38.74% and total cumulative return in cash sums $156,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,646/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 2004
2.55 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: Jason Miess • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4004160