2277 Evergreen AveScotch 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 2277 Evergreen Ave, Scotch Plains, NJ, 07076 offers a 7.61% rental yield on a $679,000 purchase with $4,308/mo rent. 21% in year one. Equity gained on principal adds $4,381/yr while 5% annual appreciation supports $187,595 over five years. Portfolio math shows five-year ROI at 89.56% and total cumulative return in cash at $200,063. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,308/mo property income against a $3,323/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Bruno-magnotta • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3985006