146 Forbes StRahwayNJ07065
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
Investment Highlights
Rental property for sale in Rahway at 146 Forbes St, Rahway, NJ, 07065 priced at $495,000 converts $3,960/mo rent into $432/mo cash flow after a $2,423/mo obligation. Total monthly income equals $3,960/mo, and annual cash flow totals $5,178/yr on $164,093 invested. Return on cash invested prints 23.06% in year one, and rental yield reads 9.6% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 121.01% and total cumulative return in cash sums $198,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 1962
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07065, Rahway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,853 (100%) |
| Owner Occupied HU | 6,378 (49.6%) |
| Renter Occupied HU | 5,647 (43.9%) |
| Vacant Housing Units | 828 ( 6.4%) |
| Median Home Value | $444,389 |
| Average Home Value | $517,431 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
9,363
Multi-Family
3,009
Businesses
904
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Listed by: Patricia Ashmont • Coldwell Robert Michael Realty
Mls Name: GSMLS
Mls ID: #4004096