1 Carriage City Plz #1502, Rahway, NJ, 07065 | 8.34% Rental Yield

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1 Carriage City Plz #1502, Rahway, NJ, 07065 | 8.34% Rental Yield | Ziffy

For Sale

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 Rahway at 1 Carriage City Plz #1502, Rahway, NJ, 07065 listed at $485,000 pairs $3,371/mo rent with a $2,374/mo payment. Total monthly income runs $3,371/mo. Return on cash invested measures 19.27% in year one, and rental yield registers 8.34% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 100.61% and total cumulative return in cash totals $161,762. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,371/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2008

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to #1502 at Skyview Condominium in vibrant Rahway, NJ! As one of the highest floors in the building, this bright 2-bedroom, 2-bathroom, 1216 sq ft condo boasts a desirable south-facing exposure, filling the space with warm natural light throughout the day. Fully renovated in 2021 and move-in ready, it offers an ideal split-bedroom layout for maximum privacy, along with the convenience of an in-unit washer/dryer and newer PTAC units. Skyview Luxury is a pet-friendly building that provides a host of amenities designed for modern living, including a renovated fitness center, a welcoming lobby with a doorman, brand new resident lounge and a spectacular rooftop deck featuring stunning NYC views and grills. Residents also enjoy direct access to the luxurious Watt Hotel and its chic lobby bar. On-site parking is available on the rear deck for $120/month. The location is unparalleled: situated in the heart of downtown Rahway, you'll be steps away from a lively atmosphere and excellent dining spots like The Irving Inn Social, Il Forno, and The Waiting Room in addition to just minutes drive to any major shopping complex. Commuting couldn't be easier the NJ Transit station is right across the street, offering a quick and easy 35-minute ride to NYC Penn Station, complemented by nearby buses and major highways like 1&9, I-95, and Parkway. This is a fantastic opportunity to secure a high-floor, renovated unit in a prime location!

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