1 Spring St UNIT 2305, New Brunswick, NJ, 08901 | 8.02% Rental Yield

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1 Spring St UNIT 2305, New Brunswick, NJ, 08901 | 8.02% 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 New Brunswick at 1 Spring St UNIT 2305, New Brunswick, NJ, 08901 offers a 8.02% rental yield on a $595,000 purchase with $3,976/mo rent. 44% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 96.17% and total cumulative return in cash at $188,258. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,976/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2006

52.27 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to luxury high rise living at its finest. This stunning two Bed, two full bath, living room, dining room and galley kitchen condo in the heart of thriving New Brunswick is sure to impress. Located on the 23rd floor, this home boasts floor to ceiling windows offering breathtaking views of the city and beyond. This meticulously maintained home offers a spacious light and bright open floorplan. There are hardwood floors throughout. From the living room there is access to a private balcony. The galley kitchen boasts high end Viking SS appliances and gorgeous granite countertops. A spacious living room / dining room is perfect for entertaining. In addition, there are two generous sized bedrooms and two luxurious bathrooms. The laundry closet has a brand new washer and dryer. A secured storage area in the basement completes this home. There is garage parking, separate from the building for an additional monthly fee. There are a lot of amenities to indulge in - the serene sky deck, pool, kids play area, pet run and relief area, BBQ grills, lounge area, gym, sauna, locker rooms, and 24/7 concierge. There is easy access to the New Brunswick Train Station, the bus line, downtown shopping, fine and casual dining. In addition, Robert Wood Johnson University Hospital, St Peters Hospital and Rutgers University are close by. Easy access to major highways, Route 1 and the New Jersey Turnpike are minutes away.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08901, New Brunswick, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,186 (100%)
Owner Occupied HU	3,152 (17.3%)
Renter Occupied HU	12,900 (70.9%)
Vacant Housing Units	2,134 (11.7%)
Median Home Value	$390,987
Average Home Value	$438,988