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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 Scotch Plains at 4 Riga Ct, Scotch Plains, NJ, 07076 listed at $550,000 pairs $3,990/mo rent with a $2,692/mo payment. Total monthly income runs $3,990/mo. Return on cash invested measures 16.91% in year one, and rental yield registers 8.71% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 89.27% and total cumulative return in cash totals $161,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,990/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2002
N/A lot
$N/A/sqft
$545 monthly HOA
Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.
| 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 |
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
Date | Event | Price |
|---|---|---|
| 2024-08-26 | Listing removed | $399,999 |
| 2023-08-24 | Listing removed | N/A |
| 2021-08-23 | Sold | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-03-24 | $9982.71 | 34.62% | $89,700 | N/A |
| 2019-03-24 | $7415.72 | N/A | $89,700 | N/A |
| 2018-03-24 | $7415.72 | -21.21% | $89,700 | N/A |
Listed by: Sandra Bolcar • Compass New Jersey Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3952375
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
