31 N Midland AveKearnyNJ07032
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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 31 N Midland Ave, Kearny, NJ, 07032 offers a 8.48% rental yield on a $689,000 purchase with $4,870/mo rent. 84% in year one. Equity gained on principal adds $4,446/yr while 5% annual appreciation supports $190,358 over five years. Portfolio math shows five-year ROI at 103.71% and total cumulative return in cash at $235,086. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,870/mo property income against a $3,372/mo payment rather than investor’s personal income documents like W2s, Salary slips, and 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: Robert Axelson • REAL
Mls Name: HCMLS
Mls ID: #240022197
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.