109 Stratford PlaceBound BrookNJ08805
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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
Investment Highlights
Investment property for sale in Bound Brook at 109 Stratford Place, Bound Brook, NJ, 08805 uses $115,992 cash to close to unlock $2,875/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $2,734/mo, and a $1,713/mo payment keeps the spread at $240/mo. Purchase price stands at $349,900, and rental yield measures 9.38% with $2,734/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 117.38% and total cumulative return in cash records $136,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,734/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,580 (100%) |
| Owner Occupied HU | 2,430 (43.5%) |
| Renter Occupied HU | 2,753 (49.3%) |
| Vacant Housing Units | 397 ( 7.1%) |
| Median Home Value | $469,615 |
| Average Home Value | $583,534 |
Housing Distribution
Address Breakdown
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
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Listed by: Sandra D O Keefe • Re/Max Preferred Professionals
Mls Name: GSMLS
Mls ID: #4002585