1 Carriage City Plz APT 920, Rahway, NJ, 07065 | 7.96% Rental Yield

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1 Carriage City Plz APT 920, Rahway, NJ, 07065 | 7.96% 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 APT 920, Rahway, NJ, 07065 earns from $2,982/mo rent with a $2,200/mo payment. Total monthly income totals $2,982/mo. ROI tracks 18.12% on current figures, and rental yield reads 7.96% at a $449,500 purchase. Equity gained on principal adds $2,901/yr, and 5% annual appreciation supports $124,189 over five years. Five-year ROI reaches 94.51% and total cumulative return in cash sums $140,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,982/mo property income instead of your personal income.

Condo

Built in 2008

N/A lot

$N/A/sqft

No HOA

More details about the property

WELCOME TO UNIT 920 in one of the most luxurious condominiums in the heart of downtown Rahway. This 2 bedroom, 2 bath Skyview unit is on the 9th floor of 16 floors above the Watt Hotel. It is practically new and is impeccable. It has barely been lived in. The high ceilings and oversized windows gives it its open and bright feeling. Skyview offers access to concierge services, a fitness center, a lounge bar & restaurant in the lobby, and a rooftop deck with spectacular views. It is great for entertaining. The kitchen has gleaming stainless steel appliances and beautiful quartz countertops with a breakfast bar. There is a separate dining area and a spacious living room with a breathtaking view. Having the washer/dryer in the unit is a huge convenience. The Rahway train station to NYC is literally across the street. There are magnificent restaurants & shops just steps away. Parking garage is available to residents for $120/ month. This unit has it all! The furniture is negotiable and are like new. So if you want to live in luxury in a location with access to all, come for a tour!

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