2323 Belvedere DrScotch 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
Investment property for sale in Scotch Plains at 2323 Belvedere Dr, Scotch Plains, NJ, 07076 uses $215,495 cash to close to unlock $1,082/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $4,759/mo, and a $3,206/mo payment keeps the spread at $90/mo. Purchase price stands at $655,000, and rental yield measures 8.72% with $4,759/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 107.57% and total cumulative return in cash records $231,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,759/mo property income covering a $3,206/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 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: Ewelina Solis • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3978955