653 CORA PLACERahwayNJ07065
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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 653 CORA PLACE, Rahway, NJ, 07065 uses $142,214 cash to close to unlock $12,263/yr annual cash flow and $1,022/mo monthly cash flow. Total monthly income runs $4,080/mo, and a $2,100/mo payment keeps the spread at $1,022/mo. Purchase price stands at $429,000, and rental yield measures 11.41% with $4,080/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 150.32% and total cumulative return in cash records $213,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,080/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
1,742 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: Lori Ann Kazanowski • Daunno Realty Services Llc
Mls Name: GSMLS
Mls ID: #3988029