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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% |
Investment property for sale in South River at 1 W Grochowiak St, South River, NJ, 08882 offers a 9.56% rental yield on a $499,000 purchase with $3,974/mo rent. Total monthly income registers $3,974/mo, and a $2,442/mo payment leaves $418/mo available for distribution. Annual cash flow reaches $5,011/yr on $165,419 to close, and return on cash invested stands at 22.94% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 120.32% and total cumulative return in cash at $199,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,974/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
4,888 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Price change | $499,000 |
| 2024-09-19 | Listed for sale | $449,000 |
| 2008-12-02 | Sold | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $6792.78 | 1.77% | $274,900 | N/A |
| 2022-10-16 | $6674.57 | 3.89% | $274,900 | N/A |
| 2021-10-16 | $6424.41 | 2.19% | $274,900 | N/A |
Listed by: Olatubosun Modile • KELLER WILLIAMS REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2503610R
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