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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 2408 Mountain Avenue, Scotch Plains, NJ, 07076 uses $197,071 cash to close to unlock $8,175/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $4,951/mo, and a $2,932/mo payment keeps the spread at $681/mo. Purchase price stands at $599,000, and rental yield measures 9.92% with $4,951/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 127.12% and total cumulative return in cash records $250,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,951/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,098 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 |
|---|---|---|
| 1990-07-19 | Sold | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $11273.74 | 3.04% | $95,800 | N/A |
| 2023-03-20 | $10941.32 | 1.21% | $95,800 | N/A |
| 2022-03-20 | $10811.03 | 0.17% | $95,800 | N/A |
What's Special
Attic
Listed by: Jenni Jeremias • RE/MAX Elite
Mls Name: MOMLS
Mls Provider:
Mls ID: #22507580
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
