1519 Frank St, Scotch Plains, NJ, 07076 | 2.44% Rental Yield

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1519 Frank St, Scotch Plains, NJ, 07076 | 2.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Scotch Plains at 1519 Frank St, Scotch Plains, NJ, 07076 earns from $3,452/mo rent with a $8,321/mo payment. Total monthly income totals $3,452/mo. ROI tracks 1.49% on current figures, and rental yield reads 2.44% at a $1,699,999 purchase. Equity gained on principal adds $10,970/yr, and 5% annual appreciation supports $469,678 over five years. Five-year ROI reaches 5.24% and total cumulative return in cash sums $28,843. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,452/mo property income instead of your personal income.

Single Family

Built in 2013

0.59 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this renovated 5 bedroom, 5 bath stunning colonial home nestled on a beautiful piece of property and cul de sac street. 2 story entry foyer invites you in with views of the open floor plan. A formal dining room, gourmet kitchen with massive center island, top of the line appliances, bar area and family room with fireplace makes for the perfect layout for entertaining. 1st floor guest bedroom with private full bath can also be used as a home office. The 2nd floor offers a primary bedroom retreat with his and her walk in closets and luxurious bathroom. 3 other bedrooms, One with a full bath and each with plenty of closet space, additional bathroom and laundry room complete this level. Easy access to the attic with exposed walk up wood stairs. A finished basement, 1 car attached garage, mudroom and pantry allow for even more space in this home. The backyard is long and lush, newer paver patio, in-ground heated pool, kitchen area with grill, playground space, and dog run/pen. Secluded and ready to host all your parties.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,413 (100%)
Owner Occupied HU	7,002 (74.4%)
Renter Occupied HU	1,929 (20.5%)
Vacant Housing Units	482 ( 5.1%)
Median Home Value	$747,684
Average Home Value	$786,962