355 Hunter AveScotch 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 355 Hunter Ave, Scotch Plains, NJ, 07076 with 5% annual appreciation on a $799,900 basis while $7,589/mo rent supports operations. Total monthly income totals $7,589/mo and a $3,915/mo payment preserves $1,888/mo for cash returns. Annual cash flow comes to $22,651/yr on $263,167 deployed, and return on cash invested reaches 28.67% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $220,998 alongside rental yield of 11.38%. Five-year ROI measures 151.02% and total cumulative return in cash totals $397,440.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,589/mo property income versus a $3,915/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
4,791 sqft 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: Isaias Garcia Rodrigues • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4003955