54 W Cherry St BLDG 54 #113RahwayNJ07065
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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 Rahway at 54 W Cherry St BLDG 54 #113, Rahway, NJ, 07065 earns $657/mo cash flow from $3,152/mo rent with a $1,713/mo payment. Total monthly income totals $3,152/mo, and annual cash flow totals $7,888/yr on $116,025 capital. ROI tracks 26.71% on current figures, and rental yield reads 10.81% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 140.56% and total cumulative return in cash sums $163,082. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,152/mo property income instead of your personal income.
Condo
Built in 1986
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07065, Rahway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,853 (100%) |
| Owner Occupied HU | 6,378 (49.6%) |
| Renter Occupied HU | 5,647 (43.9%) |
| Vacant Housing Units | 828 ( 6.4%) |
| Median Home Value | $444,389 |
| Average Home Value | $517,431 |
Housing Distribution
Address Breakdown
Residential
12,372
Single Family
9,363
Multi-Family
3,009
Businesses
904
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Listed by: Romina Scandroglio • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #3984476