88 Portland AveFanwoodNJ07023
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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 Fanwood at 88 Portland Ave, Fanwood, NJ, 07023 listed at $599,000 pairs $4,434/mo rent with a $2,932/mo payment to leave $164/mo cash flow. Total monthly income runs $4,434/mo, and annual cash flow reaches $1,971/yr on $197,071 cash to close. Return on cash invested measures 21.06% in year one, and rental yield registers 8.88% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 110.24% and total cumulative return in cash totals $217,246. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,434/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07023, Fanwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 2,338 (83.8%) |
| Renter Occupied HU | 335 (12.0%) |
| Vacant Housing Units | 117 ( 4.2%) |
| Median Home Value | $626,804 |
| Average Home Value | $653,178 |
Housing Distribution
Address Breakdown
Residential
2,759
Single Family
2,632
Multi-Family
127
Businesses
250
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Listed by: Nicole Schecter • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4007673