2406 Park Pl, Scotch Plains, NJ, 07076 | 3.45% Rental Yield

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2406 Park Pl, Scotch Plains, NJ, 07076 | 3.45% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Scotch Plains at 2406 Park Pl, Scotch Plains, NJ, 07076 listed at $1,200,000 pairs $3,452/mo rent with a $5,873/mo payment. Total monthly income runs $3,452/mo. Return on cash invested measures 4.63% in year one, and rental yield registers 3.45% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 22.04% and total cumulative return in cash totals $85,703. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,452/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into the luxury of Prawdzik Properties with this brand-new, beautifully designed home featuring 5 spacious bedrooms and 3.5 bathrooms. With 2,750 sq. ft. of living space spread across 3 levels, this residence offers a perfect blend of modern style and timeless tradition. The open-concept main floor is a true showstopper, featuring a gorgeous two-tone kitchen with custom cabinetry, quartz countertops, and top-of-the-line stainless steel appliances. The seamless flow into the living and dining areas is ideal for both everyday living and entertaining guests. Hardwood floors and custom trim work enhance every corner of this meticulously crafted home. Upstairs, the primary suite provides a peaceful retreat with ample closet space and a luxurious ensuite bathroom. The remaining bedrooms are generously sized, offering comfort and privacy for everyone. The exterior is equally impressive, with stunning siding features that add depth and character to the home's curb appeal. A 2-car-wide driveway and rear patio offer plenty of space for outdoor enjoyment. Located in the heart of Scotch Plains, this home is just minutes away from Westfield's vibrant downtown, highly-rated schools, and multiple transportation options including train stations and bus stops. Easy access to major highways makes commuting a breeze. 10 Year Warranty Included. Home can be customed to your liking, if you move quick! Don't miss your chance to own this one-of-a-kind home in a prime location!

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