588 Harrison StRahwayNJ07065
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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 588 Harrison St, Rahway, NJ, 07065 with 5% annual appreciation on a $399,900 basis while $2,856/mo rent supports operations. Total monthly income totals $2,856/mo and a $1,957/mo payment preserves $6/mo for cash returns. Annual cash flow comes to $71/yr on $132,567 deployed, and return on cash invested reaches 19.96% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 8.57%. Five-year ROI measures 104.34% and total cumulative return in cash totals $138,320.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,856/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
4,356 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: Deborah Ratcliff • Century 21 Real Estate Group
Mls Name: GSMLS
Mls ID: #4006242