








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Somerset at 1103 Conrad Way, Somerset, NJ, 08873 generates $3,590/mo in rent and, after a $2,007/mo payment, leaves $667/mo in cash flow. Total monthly income is $3,590/mo, and annual cash flow is $8,008/yr on $135,915 invested. Return on cash invested sits at 25.8% in year one, and rental yield is 10.51% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 135.69% and total cumulative return in cash sums $184,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,590/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: SHARON DZIERZAWIEC • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2608637R