1102 Conrad Way, Somerset, NJ, 08873 | $1,048/mo Cash Flow

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1102 Conrad Way, Somerset, NJ, 08873 | $1,048/mo Cash Flow | 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 Somerset at 1102 Conrad Way, Somerset, NJ, 08873 offers a 11.35% rental yield on a $450,000 purchase with $4,256/mo rent. Total monthly income registers $4,256/mo, and a $2,203/mo payment leaves $1,048/mo available for distribution. Annual cash flow reaches $12,576/yr on $149,175 to close, and return on cash invested stands at 28.34% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 149.27% and total cumulative return in cash at $222,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,256/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

View of woods s from this EMERALD Model END UNIT w//130 S.F. more space plus TWO garage spaces & 2 add'l windows for more natural light. The dramatic entry w/tray ceiling & guest closet opens to the formal dining room w/columns & chair rail The Living Room's sliding glass door w/verticals steps out to a covered balcony w/closet facing green views on a quiet cul-de-sac street. The generous kitchen hosts a table for six, SS refrigerator & DW, custom backsplash, under-counter lighting & lge pantryThe Library/Den boasts a custom built-in desk/entertainment center. The Ensuite Primary Bedroom is punctuated by a tray ceiling, better carpet, ceiling fan & large windows. The Primary Bath offers a double vanity, over-sized shower stall w/seat, California style walk-in closet, linen & "water" closets. The laundry room has cabinets, shelving & a sink. There's a Guest Bedroom & Guest Bath w/custom mirror.Lots of upgrades! Lots of storage including a separate, dedicated closet down the hall.Security alarm hardware installed. SOMERSET RUN is an active & inclusive Over 55 community offering a 25,000 S.F. clubehouse w/ indoor & outdoor pools, hot tub, billliards, exercise, art, card, game & ball rooms.. Lots of clubs, events & activities. Minutes to major highways, NJ Transit & Suburban Bus Line to NYC, excellent healthcare, theater, fine restaurants & Big Box stores. JOIN US! Garage Spaces: 1 & 15, Storage Rm # 2. Remainder of Siding Assessment to be paid at Closing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.

Housing Distribution

Housing Statistics

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