402 East AveSewarenNJ07077
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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 Sewaren at 402 East Ave, Sewaren, NJ, 07077 uses $152,490 cash to close to unlock $6,308/yr annual cash flow and $526/mo monthly cash flow. Total monthly income runs $3,804/mo, and a $2,251/mo payment keeps the spread at $526/mo. Purchase price stands at $460,000, and rental yield measures 9.92% with $3,804/mo rent. Return on cash invested shows 24.05% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 126.26% and total cumulative return in cash records $192,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,804/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1953
4,094 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07077, Sewaren, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 783 (72.6%) |
| Renter Occupied HU | 243 (22.5%) |
| Vacant Housing Units | 53 ( 4.9%) |
| Median Home Value | $470,940 |
| Average Home Value | $555,522 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
966
Multi-Family
2
Businesses
46
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Listed by: KEN J. SONG • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2604175R