280 Highland Ave #3KearnyNJ07032
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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
Investment property for sale in Kearny at 280 Highland Ave #3, Kearny, NJ, 07032 uses $241,815 cash to close to unlock $5,538/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $5,700/mo, and a $3,597/mo payment keeps the spread at $462/mo. Purchase price stands at $735,000, and rental yield measures 9.31% with $5,700/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 117.14% and total cumulative return in cash records $283,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,700/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Multi Family
Built in 1928
4,791 sqft 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: Fabiane Farias • Realty One Group Sunrise
Mls Name: GSMLS
Mls ID: #3968631