17 S Midland AvenueKearnyNJ07032
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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
Investment property for sale in Kearny at 17 S Midland Avenue, Kearny, NJ, 07032 uses $140,888 cash to close to unlock $13,030/yr annual cash flow and $1,086/mo monthly cash flow. Total monthly income runs $4,115/mo, and a $2,080/mo payment keeps the spread at $1,086/mo. Purchase price stands at $425,000, and rental yield measures 11.62% with $4,115/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 153.66% and total cumulative return in cash records $216,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,115/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,662 sqft 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: Jennifer Mess • Keller Williams Realty Central Monmouth
Mls Name: MoreMLS
Mls ID: #22535892