44 Maddaket VlgScotch 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
Rental property for sale in Scotch Plains at 44 Maddaket Vlg, Scotch Plains, NJ, 07076 priced at $525,000 converts $3,671/mo rent into after a $2,570/mo obligation. Total monthly income equals $3,671/mo. Return on cash invested prints 19.56% in year one, and rental yield reads 8.39% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 102.2% and total cumulative return in cash sums $176,529. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,671/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Townhouse
Built in 1980
6,899 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AMY LEVINE • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2605815R