244 W Scott AveRahwayNJ07065
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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 Rahway at 244 W Scott Ave, Rahway, NJ, 07065 priced at $584,900 pairs $3,960/mo rent with after a $2,863/mo payment. Total monthly income equals $3,960/mo. Return on cash invested is 18.76% in year one, and rental yield stands at 8.12% on a $584,900 basis. Equity gained on principal adds $3,774/yr, and 5% annual appreciation accumulates to $161,597 by year five. Five-year ROI measures 97.87% and total cumulative return in cash reaches $188,327. For financing, Ziffy Mortgage’s DSCR program evaluates $3,960/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1926
3,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07065, Rahway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,853 (100%) |
| Owner Occupied HU | 6,378 (49.6%) |
| Renter Occupied HU | 5,647 (43.9%) |
| Vacant Housing Units | 828 ( 6.4%) |
| Median Home Value | $444,389 |
| Average Home Value | $517,431 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
9,363
Multi-Family
3,009
Businesses
904
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Listed by: David Herzl • Pinn Realty
Mls Name: GSMLS
Mls ID: #3993737