405 Elm 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 405 Elm St, Kearny, NJ, 07032 priced at $450,000 converts $3,889/mo rent into $681/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,889/mo, and annual cash flow totals $8,172/yr on $149,175 invested. Return on cash invested prints 25.39% in year one, and rental yield reads 10.37% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 133.44% and total cumulative return in cash sums $199,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,889/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1900
58,100 Acres 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: Karem J. Guzman • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3973017