229 Brighton AveKearnyNJ07032
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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 Kearny at 229 Brighton Ave, Kearny, NJ, 07032 offers $5,700/mo rent that, after a $3,818/mo payment, leaves $140/mo cash flow. Total monthly income is $5,700/mo, and annual cash flow is $1,680/yr on $256,620 cash. Return on cash invested measures 20.71% in year one, and rental yield stands at 8.77% at a $780,000 entry. Equity gained on principal adds $5,033/yr while 5% annual appreciation compounds into $215,500 by year five. Five-year ROI records 108.36% and total cumulative return in cash reaches $278,080. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,700/mo property income versus a $3,818/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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: Aldina Da Costa • Mid-Realty, Inc.
Mls Name: NJMLS
Mls ID: #26001661