Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 16 Fairway Ct, Scotch Plains, NJ, 07076 listed at $1,999,000 pairs $4,378/mo rent with a $9,784/mo payment. Total monthly income runs $4,378/mo. Return on cash invested measures 2.08% in year one, and rental yield registers 2.63% at a $1,999,000 basis. Equity gained on principal adds $12,899/yr, and annual property appreciation at 5% supports $552,287 by year five. Five-year ROI tracks 8.41% and total cumulative return in cash totals $54,449. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,378/mo property income relative to a $9,784/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.99 Acres 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 |
|---|---|---|
| 2024-09-12 | Listing removed | $2,199,900 |
| 2024-09-01 | Listed for sale | $2,199,900 |
| 2024-08-09 | Listing removed | $2,249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $16013.50 | 1.22% | $142,400 | N/A |
| 2022-10-16 | $15819.84 | 0.17% | $142,400 | N/A |
| 2021-10-16 | $15792.78 | 1.25% | $142,400 | N/A |
Listed by: Michael Martinetti • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929514
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.
