78 Lane RdFairfieldNJ07004
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Nearby investment properties with comparable prices
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 78 Lane Rd, Fairfield, NJ, 07004 priced at $499,000 pairs $4,147/mo rent with $591/mo cash flow after a $2,442/mo payment. Total monthly income equals $4,147/mo, and annual cash flow comes to $7,087/yr on $165,419 invested. Return on cash invested is 24.19% in year one, and rental yield stands at 9.97% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 127.05% and total cumulative return in cash reaches $210,162. For financing, Ziffy Mortgage’s DSCR program evaluates $4,147/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
1.77 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: ISMAEL MEDINA • BUILDINGS REALTY LLC
Mls Name: HomeServices Property Management
Mls Provider:
Mls ID: #3901752
Disclaimer: Listing information is deemed reliable, but not guaranteed.