524 William St, Scotch Plains, NJ, 07076 | 7.17% Rental Yield

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524 William St, Scotch Plains, NJ, 07076 | 7.17% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Scotch Plains at 524 William St, Scotch Plains, NJ, 07076 with 5% annual appreciation on a $749,000 basis while $4,477/mo rent supports operations. 86% in year one. Equity gained on principal adds $4,833/yr, and five-year appreciation sums $206,935 alongside rental yield of 7.17%. Five-year ROI measures 82.37% and total cumulative return in cash totals $202,972. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,477/mo property income versus a $3,666/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1954

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this inviting 3-bedroom, 1.5-bath split-level home located in a quiet, well-established neighborhood close to top-rated schools, local parks, shopping, and major highways. Offering both comfort and convenience, this home provides a thoughtful layout with space for everyday living and entertaining. The ground level includes a cozy den with built-ins, powder room, and home office, along with direct access to the 1-car garage with automatic opener. Upstairs, the main level offers a bright living room/dining room combination, with a large bow window, family room, and the kitchen hub of the home. The extended kitchen is a true highlight, featuring stone countertops, a center island, and plenty of cabinet storage. 2 bay windows overlook the backyard, filling the space with natural light, and a sliding patio door opens to a paver patio and private yard - perfect for outdoor dining, summer barbecues, or simply relaxing in your own setting. The kitchen flows seamlessly into the adjacent family room, with a cathedral ceiling.. Hardwood floors run throughout most of the home, adding timeless warmth and charm. The second level features three comfortable bedrooms and the main full bathroom. Additional storage is available in the attic, while the unfinished basement provides laundry space and room for future customization. With its blend of functionality, character, and location, this home is ready to welcome its next owner. Don't miss the opportunity to make it yours!

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