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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Scotch Plains at 23 Burnham Ct, Scotch Plains, NJ, 07076 at $625,000 posts ROI 20.1% with $7/mo cash flow from $4,462/mo rent. Total monthly income equals $4,462/mo, and annual cash flow records $86/yr on $205,625 to close. Return on cash invested measures 20.1% and rental yield reads 8.57% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 105.1% and total cumulative return in cash totals $216,109.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,462/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1985
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.
| 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 |
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Amy Levine • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3996222
