417 Victor StScotch PlainsNJ07076
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Scotch Plains at 417 Victor St, Scotch Plains, NJ, 07076 at $769,000 posts ROI 20.62% with $118/mo cash flow from $5,599/mo rent. Total monthly income equals $5,599/mo, and annual cash flow records $1,411/yr on $253,001 to close. Return on cash invested measures 20.62% and rental yield reads 8.74% at the current $769,000. Equity gained on principal adds $4,962/yr, and 5% annual appreciation supports $212,461 by year five. Five-year ROI prints 107.86% and total cumulative return in cash totals $272,875.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,599/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07076, Scotch Plains, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,143
Single Family
8,866
Multi-Family
277
Businesses
599
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Listed by: Jason Kunzman • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #4003525