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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 Somerset at 10 Steeplechase Ct, Somerset, NJ, 08873 earns $2,944/mo cash flow from $5,332/mo rent with a $1,468/mo payment. Total monthly income totals $5,332/mo, and annual cash flow totals $35,331/yr on $99,417 capital. ROI tracks 55.45% on current figures, and rental yield reads 21.34% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 295.79% and total cumulative return in cash sums $294,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,332/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$250 monthly 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 |
|---|---|---|
| 2025-01-02 | Listed for sale | $299,900 |
| 2023-06-07 | Sold | $253,000 |
| 2017-12-29 | Sold | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $4506.34 | -1.86% | $257,800 | 8.41% |
| 2023-01-28 | $4591.91 | 16.60% | $237,800 | 20.22% |
| 2022-01-28 | $3938.27 | N/A | $197,800 | 11.25% |
Listed by: Gregory Tibok • Keller Williams Greater Brunswick
Mls Name: GSMLS
Mls Provider:
Mls ID: #3939607
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
