3 Herbert RdScotch PlainsNJ07076
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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 Scotch Plains at 3 Herbert Rd, Scotch Plains, NJ, 07076 offers a 5.02% rental yield on a $1,750,000 purchase with $7,314/mo rent. 45% in year one. Equity gained on principal adds $11,292/yr while 5% annual appreciation supports $483,493 over five years. Portfolio math shows five-year ROI at 47.92% and total cumulative return in cash at $271,701. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,314/mo property income against a $8,565/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
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Listed by: Jayne Bernstein • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4007786