244 Forest StKearnyNJ07032
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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 244 Forest St, Kearny, NJ, 07032 priced at $512,000 pairs $3,000/mo rent with after a $2,506/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 15.43% in year one, and rental yield stands at 7.03% on a $512,000 basis. Equity gained on principal adds $3,304/yr, and 5% annual appreciation accumulates to $141,456 by year five. Five-year ROI measures 80.06% and total cumulative return in cash reaches $134,863. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $2,506/mo payment instead of your W2s, 1099s, or Tax returns.
Single 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: Maria Germana Gomes • Mid-Realty, Inc.
Mls Name: NJMLS
Mls ID: #25037299