486 Devon 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
Investment property for sale in Kearny at 486 Devon St, Kearny, NJ, 07032 offers a 10.21% rental yield on a $669,900 purchase with $5,700/mo rent. Total monthly income registers $5,700/mo, and a $3,279/mo payment leaves $925/mo available for distribution. Annual cash flow reaches $11,099/yr on $220,397 to close, and return on cash invested stands at 25.1% in year one. Equity gained on principal adds $4,323/yr while 5% annual appreciation supports $185,081 over five years. Portfolio math shows five-year ROI at 131.86% and total cumulative return in cash at $290,613. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,700/mo property income against a $3,279/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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: Scott Bixler • The Bixler Group, LLC
Mls Name: NJMLS
Mls ID: #25038680