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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Kearny at 37 Devon Ter, Kearny, NJ, 07032 uses $94,478 cash to close to unlock $7,302/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,395/mo payment keeps the spread at $609/mo. Purchase price stands at $285,000, and rental yield measures 11.12% with $2,640/mo rent. Return on cash invested shows 27.64% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 145.53% and total cumulative return in cash records $137,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07032, Kearny, NJ area.
| 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 |
Residential
13,214
Single Family
9,548
Multi-Family
3,666
Businesses
1,303
Date | Event | Price |
|---|---|---|
| 2024-04-15 | Price change | $285,000 |
| 2024-03-10 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $4258.50 | 0.78% | $40,300 | N/A |
| 2022-10-16 | $4225.46 | N/A | $40,300 | N/A |
| 2021-10-16 | $4225.46 | -0.54% | $40,300 | N/A |
Listed by: Dorothy Calderone • Mid-Realty, Inc.
Mls Name: NJMLS
Mls Provider:
Mls ID: #24007152
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-10-16 13:23:38 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.
