106 College DrEdisonNJ08817
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Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Edison at 106 College Dr, Edison, NJ, 08817 offers $2,422/mo rent that, after a $1,268/mo payment, leaves $576/mo cash flow. Total monthly income is $2,422/mo, and annual cash flow is $6,907/yr on $85,859 cash. Return on cash invested measures 27.95% in year one, and rental yield stands at 11.22% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 147.23% and total cumulative return in cash reaches $126,412. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,422/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08817, Edison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,827 (100%) |
| Owner Occupied HU | 9,145 (51.3%) |
| Renter Occupied HU | 7,817 (43.8%) |
| Vacant Housing Units | 865 ( 4.9%) |
| Median Home Value | $472,544 |
| Average Home Value | $492,607 |
Housing Distribution
Address Breakdown
Residential
17,393
Single Family
15,735
Multi-Family
1,658
Businesses
1,358
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Listed by: ROSY CLEMENT • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls ID: #2606226R