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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Kearny at 859 Devon St, Kearny, NJ, 07032 priced at $450,000 converts $3,000/mo rent into after a $2,203/mo obligation. Total monthly income equals $3,000/mo. Return on cash invested prints 18.24% in year one, and rental yield reads 8% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 95.09% and total cumulative return in cash sums $141,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07032, Kearny, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,485 (100%) |
| Owner Occupied HU | 6,112 (39.5%) |
| Renter Occupied HU | 8,682 (56.1%) |
| Vacant Housing Units | 691 ( 4.5%) |
| Median Home Value | $501,789 |
| Average Home Value | $550,777 |
Residential
13,214
Single Family
9,548
Multi-Family
3,666
Businesses
1,303
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Maureen Mulligan • Mid-Realty, Inc.
Mls Name: NJMLS
Mls ID: #25032497
