742 Walnut St, Dunellen, NJ, 08812 | $182/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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742 Walnut St, Dunellen, NJ, 08812 | $182/mo Cash Flow | Ziffy

For Sale

Rental Income

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 Dunellen at 742 Walnut St, Dunellen, NJ, 08812 at $689,900 posts ROI 21.02% with $182/mo cash flow from $5,100/mo rent. Total monthly income equals $5,100/mo, and annual cash flow records $2,187/yr on $226,977 to close. Return on cash invested measures 21.02% and rental yield reads 8.87% at the current $689,900. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,607 by year five. Five-year ROI prints 110.04% and total cumulative return in cash totals $249,757.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,100/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1987

6,651 sqft lot

$N/A/sqft

No HOA

More details about the property

Outstanding Custom Built 2-Family situated in an excellent neighborhood-just minutes from top rated schools, downtown shopping and dining and the train station for an easy commute. The house features 2 very spacious apartments with all separate utilities, 2-car garage, front and side entrances, 2 storage sheds, and so much more. The original house plan was for 3 bedrooms in each apt., but the owner opted to remove a wall to create a charming formal Dining Room. The versatile floorplan can easily be converted to a 3-Bedroom setup by simply adding a wall and door, making this home ideal for a growing household or maximizing rental income. Whether you're looking for a lucrative investment property or a comfortable owner-occupied residence, this home checks all the boxes. Recent upgrades to the home include newer gas H/A furnaces, central A/C, and a newer roof (approx. 10 years) for peace of mind. Although the property is technically located in a designated flood zone, the house has never had water and flood insurance is very affordable at less than $900/year. Don't miss this exceptional opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08812, Dunellen, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,554 (100%)
Owner Occupied HU	3,925 (70.7%)
Renter Occupied HU	1,444 (26.0%)
Vacant Housing Units	185 ( 3.3%)
Median Home Value	$585,736
Average Home Value	$621,426