2062 Valley AveScotch PlainsNJ07076
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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
Rental property for sale in Scotch Plains at 2062 Valley Ave, Scotch Plains, NJ, 07076 generates $3,452/mo in rent, after a $3,670/mo payment. Total monthly income is $3,452/mo. Return on cash invested sits at 10.85% in year one, and rental yield is 5.52% on a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation builds toward $207,184 over five years. Five-year ROI reaches 55.5% and total cumulative return in cash sums $136,930. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,452/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
10,018 sqft 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
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Listed by: Tonya Boyle • Keller Williams Spring Lake
Mls Name: GSMLS
Mls ID: #4004149