137 Devon StKearnyNJ07032
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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 Kearny at 137 Devon St, Kearny, NJ, 07032 priced at $499,000 converts $5,700/mo rent into $2,144/mo cash flow after a $2,442/mo obligation. Total monthly income equals $5,700/mo, and annual cash flow totals $25,723/yr on $165,419 invested. Return on cash invested prints 35.46% in year one, and rental yield reads 13.71% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 187.46% and total cumulative return in cash sums $310,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,700/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07032, Kearny, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,485 (100%) |
| Owner Occupied HU | 6,112 (39.5%) |
| Renter Occupied HU | 8,682 (56.1%) |
| Vacant Housing Units | 691 ( 4.5%) |
| Median Home Value | $501,789 |
| Average Home Value | $550,777 |
Housing Distribution
Address Breakdown
Residential
13,214
Single Family
9,548
Multi-Family
3,666
Businesses
1,303
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Listed by: Steve Salzer • Keller Williams City Life Realty
Mls Name: NJMLS
Mls ID: #25039165