1 Carriage City Plz BLDG 1 #503, Rahway, NJ, 07065 | $568/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1 Carriage City Plz BLDG 1 #503, Rahway, NJ, 07065 | $568/mo Cash Flow | 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

Rental property for sale in Rahway at 1 Carriage City Plz BLDG 1 #503, Rahway, NJ, 07065 generates $2,706/mo in rent and, after a $1,468/mo payment, leaves $568/mo in cash flow. Total monthly income is $2,706/mo, and annual cash flow is $6,816/yr on $99,450 invested. Return on cash invested sits at 26.76% in year one, and rental yield is 10.82% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 140.81% and total cumulative return in cash sums $140,040. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,706/mo property income rather than buyer’s personal income.

Condo

Built in 2008

N/A lot

$N/A/sqft

No HOA

More details about the property

Location, location, location! Steps away just cross the street to Rahway train station with access to express service to Newark and New York Penn Stations! Building with concierge service, fitness center, lobby restaurant and lounge, rooftop deck including use of BBQ grill and views of New York City. Kitchen with wood cabinetry, granite countertops ,stainless steel appliances and passthrough to eating area, spacious living room/dining room combination. Stackable large washer and dryer in unit for easy use and a roomy bathroom with tub/shower combination. Skyview is pet friendly and for your convenience in the same building is pet day care facilities. There is parking available for additional fees. The building has a package room dedicated for safe personal deliveries and also provides bike storage. 1 Carriage City Plaza is situated with easy access to major highways including Garden State Parkway, New Jersey Turnpike, Route 1 & 9 and Rahway's vibrant shopping and entertainment venues. This purchase combines affordability within a luxurious setting.

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