247 Hoover Ave, Edison, NJ, 08837 | 7% Rental Yield

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

Rental property for sale in Edison at 247 Hoover Ave, Edison, NJ, 08837 priced at $739,999 converts $4,316/mo rent into after a $3,622/mo obligation. Total monthly income equals $4,316/mo. Return on cash invested prints 15.34% in year one, and rental yield reads 7% against a $739,999 entry. Equity gained on principal adds $4,775/yr, while 5% annual appreciation compiles into $204,448 by year five. Five-year ROI reaches 79.53% and total cumulative return in cash sums $193,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,316/mo property income covering a $3,622/mo payment, not borrower’s personal income.

Single Family

Built in N/A

6,551 sqft lot

$N/A/sqft

No HOA