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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Scotch Plains at 1578 E 2nd Street, Scotch Plains, NJ, 07076 earns $1,125/mo cash flow from $4,190/mo rent with a $2,105/mo payment. Total monthly income totals $4,190/mo, and annual cash flow totals $13,496/yr on $142,545 capital. ROI tracks 29.38% on current figures, and rental yield reads 11.69% at a $430,000 purchase. Equity gained on principal adds $2,775/yr, and 5% annual appreciation supports $118,801 over five years. Five-year ROI reaches 154.85% and total cumulative return in cash sums $220,731. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,190/mo property income instead of your personal income.
Single Family
Built in 1945
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.
| 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 |
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Price change | $430,000 |
| 2024-08-29 | Price change | $440,000 |
| 2024-08-01 | Price change | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $5824.71 | 1.21% | $51,000 | N/A |
| 2022-10-16 | $5755.35 | 0.17% | $51,000 | N/A |
| 2021-10-16 | $5745.66 | 1.23% | $51,000 | N/A |
Listed by: Kevin O Donnell • Oberon Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3910874
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
