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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 Somerset at 1 Pitcher Pt, Somerset, NJ, 08873 priced at $695,000 converts $3,692/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,692/mo. Return on cash invested prints 13.44% in year one, and rental yield reads 6.37% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 69.33% and total cumulative return in cash sums $158,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,692/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 2007
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,399 (100%) |
| Owner Occupied HU | 14,076 (62.8%) |
| Renter Occupied HU | 7,273 (32.5%) |
| Vacant Housing Units | 1,050 ( 4.7%) |
| Median Home Value | $507,032 |
| Average Home Value | $561,292 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
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: Rana J Bernhard • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3991162
