360 E Lake Ave, Rahway, NJ, 07065 | 8.46% Rental Yield

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360 E Lake Ave, Rahway, NJ, 07065 | 8.46% Rental Yield | Ziffy

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 Rahway at 360 E Lake Ave, Rahway, NJ, 07065 priced at $429,900 converts $3,030/mo rent into after a $2,104/mo obligation. Total monthly income equals $3,030/mo. Return on cash invested prints 19.62% in year one, and rental yield reads 8.46% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 102.52% and total cumulative return in cash sums $146,107. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,030/mo property income covering a $2,104/mo payment, not borrower’s personal income.

Single Family

Built in 1940

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this beautifully renovated half-duplex that blends modern upgrades with timeless charm! This move-in-ready home offers 2 spacious bedrooms and 2 full baths, thoughtfully updated throughout with custom details and top-of-the-line finishes. The main floor features gleaming hardwood floors, a bright living room, and a stylish eat-in kitchen equipped with brand-new stainless steel appliances. Upstairs, you'll find two comfortable bedrooms and a renovated full bath. The full finished basement adds incredible value with a second full bath, dedicated laundry area, sump pump, French drain, and a private entrance ideal for a rec room, guest space, or home office. Additional highlights include: Central air and heat, Driveway parking, Private backyard with vinyl fencing, Pull-down attic stairs with ample storage space, Charming brick exterior that maintains its character. Low taxes and NO HOA fees. This is not a quick flip every detail has been meticulously crafted for long-term enjoyment. Located just minutes from vibrant downtown Rahway, restaurants, shops, and transit options are all within easy reach.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07065, Rahway, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,853 (100%)
Owner Occupied HU	6,378 (49.6%)
Renter Occupied HU	5,647 (43.9%)
Vacant Housing Units	828 ( 6.4%)
Median Home Value	$444,389
Average Home Value	$517,431