023 Hanover Sq #23DMiddlesexNJ08846
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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 Middlesex at 023 Hanover Sq #23D, Middlesex, NJ, 08846 uses $119,009 cash to close to unlock $3,903/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $3,234/mo, and a $1,757/mo payment keeps the spread at $325/mo. Purchase price stands at $359,000, and rental yield measures 10.81% with $3,234/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash records $146,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,234/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 1986
4,356 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08846, Middlesex, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,620 (100%) |
| Owner Occupied HU | 3,793 (67.5%) |
| Renter Occupied HU | 1,660 (29.5%) |
| Vacant Housing Units | 167 ( 3.0%) |
| Median Home Value | $455,549 |
| Average Home Value | $512,040 |
Housing Distribution
Address Breakdown
Residential
5,466
Single Family
5,024
Multi-Family
442
Businesses
699
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Listed by: Mary C. Tafur • JACK PEDERSEN REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2515774R
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