1761 Cooper RdScotch PlainsNJ07076
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
Investment property for sale in Scotch Plains at 1761 Cooper Rd, Scotch Plains, NJ, 07076 listed at $1,925,000 pairs $6,240/mo rent with a $9,422/mo payment. Total monthly income runs $6,240/mo. Return on cash invested measures 5.98% in year one, and rental yield registers 3.89% at a $1,925,000 basis. Equity gained on principal adds $12,422/yr, and annual property appreciation at 5% supports $531,842 by year five. Five-year ROI tracks 29.28% and total cumulative return in cash totals $182,644. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,240/mo property income relative to a $9,422/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
2.86 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Schecter • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4003915