83 Devon RdEssex FellsNJ07021
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Essex Fells at 83 Devon Rd, Essex Fells, NJ, 07021 projects strong ROI of 5.61%. Rental yield 3.74%. With 5% annual appreciation, the property builds $635,448 in value over five years. Equity growth combined delivers a projected five-year ROI of 44.32%, translating into $287,980 in total cumulative return on $649,750 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.2% |
| Monthly Cash Flow | $(9,224) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $7,170 |
| Total Monthly Debt Service | $15,479 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07021, Essex Fells, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 725 (100%) |
| Owner Occupied HU | 644 (88.8%) |
| Renter Occupied HU | 33 ( 4.6%) |
| Vacant Housing Units | 48 ( 6.6%) |
| Median Home Value | $1,173,729 |
| Average Home Value | $1,298,680 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
794
Multi-Family
0
Businesses
62
Nearby investment properties with comparable rents
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
Single Family
Built in 1951
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07021, Essex Fells, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 725 (100%) |
| Owner Occupied HU | 644 (88.8%) |
| Renter Occupied HU | 33 ( 4.6%) |
| Vacant Housing Units | 48 ( 6.6%) |
| Median Home Value | $1,173,729 |
| Average Home Value | $1,298,680 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
794
Multi-Family
0
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Haydu • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4010675