390 Forest StKearnyNJ07032
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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
Rental property for sale in Kearny at 390 Forest St, Kearny, NJ, 07032 generates $3,534/mo in rent and, after a $2,251/mo payment, leaves $256/mo in cash flow. Total monthly income is $3,534/mo, and annual cash flow is $3,068/yr on $152,490 invested. Return on cash invested sits at 21.92% in year one, and rental yield is 9.22% on a $459,999 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,089 over five years. Five-year ROI reaches 114.86% and total cumulative return in cash sums $175,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,534/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3,484 sqft 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: Erandi Martinez • Lim Bances Realty
Mls Name: GSMLS
Mls ID: #3992739